Hst New Home Rebate Calculator Ontario
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Reviewed by Calculator Editorial Team
The HST New Home Rebate is a government program in Ontario that provides financial assistance to first-time home buyers. This calculator helps you determine your eligibility and estimate the rebate amount you may qualify for.
What is the HST New Home Rebate?
The HST New Home Rebate is a provincial program designed to help first-time home buyers in Ontario. The program provides a rebate against the Harmonized Sales Tax (HST) paid on the purchase of a new home. The rebate amount varies depending on the type of home purchased and the buyer's income.
The HST New Home Rebate is separate from the Canada Mortgage and Housing Corporation (CMHC) First-Time Home Buyer Incentive.
Key Features of the Program
- Provides a rebate against HST paid on new home purchases
- Available to first-time home buyers only
- Rebate amounts vary by home type and buyer income
- Must be claimed within 180 days of home purchase
Eligibility Requirements
To qualify for the HST New Home Rebate, you must meet several criteria:
First-Time Home Buyer
You must not have owned a principal residence in Ontario for at least the past five years. This includes any time you lived in a home, even if you were not the owner.
Home Purchase
The home must be a new principal residence in Ontario. It must be your primary home and not a rental property.
Income Limits
Your household income must be within the specified limits for your family size. Income limits vary by region and family size.
Formula: Income Limit = (Median Income × 1.6) + (Family Size × $10,000)
HST Paid
You must have paid HST on the purchase of your new home. The rebate will be applied against the HST portion of your home purchase price.
How to Claim the Rebate
Claiming the HST New Home Rebate involves several steps:
- Verify Eligibility - Confirm you meet all eligibility requirements including being a first-time home buyer, meeting income limits, and purchasing a new principal residence.
- Calculate Rebate Amount - Use this calculator to estimate your rebate amount based on your home purchase price and HST paid.
- Submit Application - Complete the application form provided by the Ontario government. You will need to provide documentation of your income, home purchase details, and HST payment receipt.
- Receive Rebate - Once approved, the rebate will be applied to your HST refund or directly to your bank account.
You must claim the rebate within 180 days of purchasing your home. Failure to do so may result in forfeiture of the rebate.
Rebate Amounts by Home Type
The amount of the HST New Home Rebate varies depending on the type of home you purchase:
| Home Type | Rebate Percentage | Maximum Rebate Amount |
|---|---|---|
| Single-family detached home | 10% | $10,000 |
| Single-family attached home (townhouse) | 10% | $10,000 |
| Duplex | 5% | $5,000 |
| Triplex | 5% | $5,000 |
| Fourplex or more | 5% | $5,000 |
Formula: Rebate Amount = (HST Paid × Rebate Percentage) up to Maximum Rebate Amount
Example Calculation
If you purchase a single-family detached home for $400,000 and the HST rate is 13%, your HST paid would be $52,000. The maximum rebate for this home type is $10,000, so you would qualify for the full rebate.
Frequently Asked Questions
Who is eligible for the HST New Home Rebate?
First-time home buyers in Ontario who meet income limits and purchase a new principal residence are eligible. You must not have owned a principal residence in Ontario for at least the past five years.
How do I calculate my rebate amount?
Use this calculator by entering your home purchase price and HST rate. The calculator will estimate your rebate based on the applicable percentage and maximum amount for your home type.
How long do I have to claim the rebate?
You must claim the rebate within 180 days of purchasing your home. Failure to do so may result in forfeiture of the rebate.
What documents do I need to apply for the rebate?
You will need to provide documentation of your income, home purchase details, and HST payment receipt. The Ontario government will provide specific application requirements.
Can I combine the HST New Home Rebate with other incentives?
The HST New Home Rebate is separate from the Canada Mortgage and Housing Corporation (CMHC) First-Time Home Buyer Incentive. You may be eligible for both programs if you meet their respective requirements.