In Ontario, many first time investors may not be aware that Government of Canada offers HST rebate on new residential rental property. This is known as the NRRP rebate. As an investor, you as the purchaser are usually subject to paying the HST when purchasing from the Builder. However, you might be eligible to claim a portion of the residential rental property if it is under $350,000.
Investors, to see if you qualify, fill out the test form
Full details of the NRRP rebate here.
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