- Ontario will temporarily enhance the HST New Housing and New Residential Rental Property Rebates.
- The 8% provincial portion of HST will be effectively removed for certain qualifying new homes.
- The enhanced rebates will be available from April 1, 2026, to March 31, 2027.
- The maximum rebate will increase to $80,000 for homes valued at or under $1 million, and this amount will be maintained for homes up to $1.5 million, with a linear reduction for higher-valued homes.
- Currently, the maximum rebate is $24,000 for a 75% rebate of the provincial HST portion.
Source: assets.kpmg.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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