The Government of Canada is providing a 100% rebate on the Goods and Services Tax (GST), or the federal portion of the Harmonized Sales Tax (HST), on new purpose-built rental housing (PBRH). This housing includes apartment buildings, student housing and seniors’ residences. Applications for the PBRH rebate can be made online starting May 13, 2024. 

To qualify, residential units need to meet the requirements for the current GST/HST new residential rental property rebate and must be in a multi-unit residential complex with at least:

• 4 private apartment units (each containing kitchen, bathroom and living area) or at least 10 private rooms or suites, and
• 90% of residential units are held for long-term rental

Unlike the GST/HST new residential rental property rebate, the PBRH rebate does not have a $450,000 fair market value limitation per unit.

This rebate is available for projects where construction began after September 13, 2023, but before 2031, and will be substantially completed before 2036. For the purpose of this rebate, construction is generally considered to have begun when excavation for the project starts. 

Construction to convert existing non-residential real estate, such as an office building, into a residential complex will be eligible for the PBRH rebate, if all conditions are met. Since the goal is to increase the housing supply, the rebate will not apply to the substantial renovation of an existing residential complex. 

How to apply:

• GST/HST registrants can file a PBRH rebate online using My Business Account  by selecting the existing GST/HST New Residential Rental Property Rebate Application (GST524). 
• GST/HST non- registrants will be able to file a PBRH rebate online by selecting the existing GST524 in My Account at a later date. In the interim, please contact us at 1-800-959-5525 for guidelines on how to apply.

To learn more about the purpose-built rental housing rebate, go to GST/HST rebate for purpose-built rental housing (PBRH).