Canada's HST Rebate primarily falls into two categories, each designed for different property uses:

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1. New Home HST Rebate (For Primary Residence Use)

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• Who It’s For: Buyers who purchase a newly built home (or significantly renovated home) to use as their primary residence.

• Conditions: The buyer or their immediate family (such as a spouse or children) must occupy the home immediately after purchase.

• Rebate Amount: The rebate amount depends on the home's purchase price and the province's HST rate. The maximum rebate applies to homes within a certain price range.

• Key Feature: This rebate is intended to reduce the tax burden for buyers purchasing a primary residence.

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2. HST Rebate for Investment Properties (Rental Use)

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• Who It’s For: Buyers who purchase a pre-construction property (condo or house) and immediately rent it out after closing instead of living in it themselves.

• Conditions: Buyers must apply for the New Residential Rental Property Rebate (NRRPR) after closing and provide evidence that the property is used for long-term rental (at least one year).

• Rebate Amount: The rebate amount is similar to that for primary residences. Proof of rental use is essential.

• Key Feature: This rebate is designed to support the rental market by reducing tax costs for property investors.

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In summary, while both rebates aim to reduce the HST burden, they cater to entirely different property purposes.

If you’re unsure which rebate applies to your situation, we’re here to provide professional guidance!