What is the New Residential Rental Property Rebate and how is it different from the new housing rebate?

The New Residential Rental Property Rebate, or NRRP rebate, refunds a portion of the GST/HST paid on a newly built or substantially renovated residential property when the owner keeps it as a long-term rental instead of selling or moving in themselves. It exists because the standard GST/HST New Housing Rebate, the one most buyers think of, is only available where the buyer or a relative intends to use the home as their primary place of residence; someone who buys or builds a property specifically to rent it out doesn't qualify for that rebate at all, even though HST still applies to the purchase or self-supply.

The NRRP rebate fills that gap for landlords, using a similar rebate structure but built around actually renting the unit to a tenant rather than living in it. It applies whether the owner bought a new unit from a builder or built and then self-assessed HST on their own rental property, and it's claimed separately from, and using a different form than, the owner-occupier new housing rebate.

Because eligibility depends on genuinely renting the property out on qualifying terms rather than simply owning a new build, and the current rebate amounts and thresholds should be confirmed at the time you file, this is worth reviewing with an advisor before or shortly after closing.