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Canada Revenue Agency Updates GST/HST Rebate Information for New Residential Rental Properties

  • Canada Revenue Agency clarified information on GST/HST New Residential Rental Property and Purpose-Built Rental Housing rebate
  • Extension of PBRH rebate to new student residences
  • PBRH rebate available for each qualifying residential unit
  • Increase in GST/HST NRRP rebate to 100 percent
  • PBRH rebate may apply to construction commenced after Sept. 13, 2023
  • Specific circumstances where PBRH rebate is not available

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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