New Residential Rental Property Rebate (NRRP) Calculator
Buying a new build to rent out? You don't get the first-time buyer rebate — you get the NRRP: up to $6,300 federal plus $24,000 Ontario per unit, $30,300 in total, as long as the unit is leased for at least a year as a long-term residence. Most of Google's top results for this are CRA PDFs. This is the calculator.
Rules checked October 27, 2026 · CRA guide RC4231 governs; this is an estimate of it.
How the NRRP works
When you buy a newly built home or condo to rent out, you pay the full 13% HST at closing — the builder does not credit a rebate on a rental purchase. The NRRP gives part of it back: federally, 36% of the GST portion, capped at $6,300 and phased out between $350,000 and $450,000 of fair market value; in Ontario, 75% of the provincial portion, capped at $24,000. The unit must be leased for at least one year as someone's long-term primary residence, and the claim (form GST524) is generally due within 2 years of closing. Contingency rebate firms exist because investors will pay a cut of a five-figure rebate rather than read CRA's RC4231 guide — this calculator is the free first step.
Projects that qualify as purpose-built rentals (begun after September 14, 2023) can instead claim an enhanced 100% federal GST rebate — a separate stream that this page flags but never blends into the standard NRRP math. Sources: CRA RC4231 — GST/HST New Residential Rental Property Rebate. Buying to live in it instead? Use the first-time buyer rebate calculator.
Estimates only — not tax, legal or financial advice. Confirm your figures with CRA or your accountant before relying on them. Rules checked October 27, 2026.
Claim-ready worksheet — coming soon
We're building a printable worksheet that turns the numbers above into a claim-ready checklist: the right CRA forms, your deadlines, and the documents your lawyer will ask for. It isn't live yet, so this button deliberately does nothing.