Rebates at Lindvest: Save Up To $130,000 in HST
In response to the needs of Ontario homebuyers, the provincial government announced new HST saving measures that can provide a full rebate on the 13% HST, up to $130,000 on a new-build home. This new program lasts until March 31, 2027, and applies to eligible newly constructed homes or condos valued under $1.85 million.
Here are the full details:
Two Programs, Up To $130,000 in HST Savings
The full 13% HST savings are spread across two programs.
The first is the Ontario Enhanced New Housing Rebate (ENHR), which covers the 8% (up to $80,000) provincial part of the HST on new-build homes. The ENHR applies to homes purchased from a builder between April 1, 2026, and March 31, 2027. It can also apply to owner-built homes where construction or substantial renovation begins during this period.
The second program is the Ontario New Home Affordability Payment (ONHAP). The ONHAP is an affordability payment that provides an amount up to $50,000, equivalent to the 5% federal portion of the HST on a new-build home.
A separate application is not required for the ONHAP. Buyers just need to fill out the “consent to share information” section in the new housing rebate application form. This allows the CRA to provide relevant payment information to the Province of Ontario.
How Much Is The Rebate?
The coverage of these programs depends on the value of the new build home.
- Homes valued up to $1 million receive a full 13% rebate.
- Homes valued above $1 million and up to $1.5 million receive a flat rebate of $130,000.
- Homes valued above $1.5 million and up to $1.85 million receive an amount that proportionally decreases from $130,000 to $24,000.
- Homes valued above $1.85 million receive an HST rebate of $24,000 under the existing Ontario new housing rebate.
Who Is Eligible?
These tax savings programs have the following eligibility requirements:
- Buyers must have purchased a new or substantially renovated home.
- Buyers must be using the home as their primary residence or that of one of their relatives (spouse, child, etc.).
- Buyers must have entered into the agreement of purchase and sale between April 1, 2026, and March 31, 2027.
For the full eligibility requirements, visit the Government of Canada’s official website.
HST Savings for Investors
For those interested in buying an investment property to generate rental income, the enhanced new residential rental property rebate (ENRRPR) offers an enhanced rebate for eligible residential rental properties. The CRA will be posting guides and application forms for the ENRRPR on the program’s official web page.
How to Apply for These Programs
For buyers planning to purchase a home from a builder, they can claim the ENHR and the ONHAP by agreeing to assign the 8% HST (up to $80,000) and 5% affordability payment (up to $50,000) to the builder. The buyer must then complete the GST190 GST/HST New Housing Rebate Application and associated schedule, RC7190-ON GST190 Ontario Rebate Schedule, and provide them to the builder. The buyer will be credited the HST upon closing, reducing the final amount payable for the home.
It is the buyer’s responsibility to make sure that they are eligible. If they sign up for the rebate but are not eligible, they will be required to repay the applicable amount to the CRA.
For buyers who have already purchased a new build home within the eligible time frame and paid for the HST, they can apply for the rebate themselves, using the applicable forms.
Move to a Lindvest Home
Lindvest has a wide selection of new-build opportunities that are eligible for the Ontario HST rebates.
Connectt
Milton Move-In Ready Condo Suites from the $400’s
Connectt is a master-planned condo community at Regional Rd 25 and Derry Rd West in Milton. The community is near Milton’s GO Transit station and Highways 401 & 407.
South Cornell Townhomes
Markham Townhomes
South Cornell is a collection of townhomes at Highway 7 and Donald Cousens Parkway. The homes are located near the Cornell Community Centre, Cornell GO Bus Terminal, and Markham-Stouffville Hospital.
Klein Estates Townhome Collection
Move-In Ready Vaughan Townhomes Starting from $976,900
Klein Estates is a new collection of freehold townhomes at Pine Valley and Teston Rd in Vaughan. The homes are a short drive from Kleinburg Village, Vaughan Mills, and Richmond Hill.
Gracefields Redux3
37’ & 39’ Newcastle Single-Family Homes Starting from $859,900
Gracefields Redux3 is a collection of 37’ and 39’ single-family homes in the beautiful community of Newcastle in Clarington.
Are you interested in taking advantage of this new opportunity? Contact Lindvest today.