Provincial new residential rental property rebate for British Columbia

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http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/hsng/rbts/nwrntl/bcnwrrp-eng.html

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Provincial new residential rental property rebate for British Columbia

Eligibility information

A British Columbia new residential rental property rebate may be available for a qualifying residential rental property in British Columbia to:

  • landlords who purchase newly constructed or substantially renovated residential rental properties and pay the HST;
  • landlords who build their own residential rental properties and are required to account for the HST under the self-supply rules;
  • builders who had to account for the HST under the self-supply rules because the builder sold a residential unit to an individual and leased the related land to that individual under a single written agreement (only available where the individual is entitled to claim the British Columbia new housing rebate); and
  • persons who had to account for the HST under the self-supply or change-in-use rules because the person made an exempt lease of land used for residential purposes (such as the rental of a residential lot or a site in a residential trailer park).

Note

As of April 1, 2013, the HST at the rate of 12% (5% federal part and 7% provincial part) no longer applies in British Columbia. The HST has been replaced by the GST at the rate of 5% and a provincial sales tax.

The British Columbia new housing rebate is not available where the tax became payable after March 31, 2013.

You are entitled to claim both a British Columbia new residential rental property rebate and a federal new residential rental property rebate if all of the conditions for claiming each rebate are met. The conditions for claiming the British Columbia new residential rental property rebate are similar to the conditions for claiming the federal new residential rental property rebate, with the exception of the maximum threshold amount.

A builder is not able to pay or credit to a purchaser/landlord the amount of the British Columbia new residential rental property rebate.

Note

For builders that sold a residential unit and leased the land, the rebate is reduced by the British Columbia new housing rebate that the purchaser of the house was entitled to claim.

Public service bodies

A British Columbia new residential rental property rebate may also be available to public service bodies that are builders or purchasers of newly constructed or substantially renovated residential rental housing where the tax became payable before April 1, 2013. However, if the British Columbia public service body rebate is available, the public service body will generally claim the British Columbia public service body rebate, since it has the higher rebate amount.

Application

To apply for this rebate, use Form RC7524-BC, GST524 British Columbia Rebate Schedule.

Forms and publications

Date modified:
2014-11-07