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HST Rebate Calculator
No Upfront Fees | You pay upon receipt of your cheque, it's that simple!
Owner Built Homes and Substantial Renovations GST/HST Rebate Calculator
Approximate GST/HST Rebate:
$0
New Residential Rental Property GST/HST Rebate Calculator
Approximate GST/HST Rebate:
$0
At Sproule + Associates, we are committed to providing our clients with quality
Here at Sproule & Associates, we know you’re excited to know the exact amount you can receive back from the government regarding your GST/HST New Housing Rebate. If you live in Canada and have completed building your own home or hiring someone to build your home and it has been completed in the last two years, you’ve purchased a new investment property, or you’ve substantially renovated your home or investment property, use the Rebate Calculator above to find out what you’re entitled too.
How Is the HST Rebate Calculated:
The HST Rebate is calculated as Ontario home buyers may be eligible for a credit of 75% of the Ontario portion (8%) of the HST and 36% of the federal portion (5%) of the HST paid. For example, buyers of a new $600,000 home would pay slightly more than $69,000 in HST. 75% of the provincial portion of the HST, which is approximately $42,500, is $31,850. As the maximum provincial rebate is $24,000. The home owner would be receive a credit of $24,000 on their new home. The buyer would not receive a credit for the federal portion of the HST since the value of the house is as greater than $450,000.
