New GST/HST provincial rebate rules added for student residences in participating provinces
Real Property (GST/HST) Regulations — under the EXCISE TAX ACT
Plain-language summary · AI-assisted · not legal advice
Builders of residential complexes or additions that qualify as student residences can now claim a rebate of the provincial component of HST (Ontario, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador) under a new formula-based calculation. The rebate amount depends on each unit's share of total floor space, reduced in Prince Edward Island by a sliding percentage that declines each year substantial completion falls after 2028. New Brunswick student residences must also meet conditions that parallel the province's existing rental housing rebate rules. Applications for these new student-residence rebates must be filed within two years after the later of March 26, 2026 or the end of the month in which the qualifying event occurs. A minor technical fix also extends the cross-reference in the New Brunswick rental rebate provision to include a new paragraph reference.
Who this affects: builders of student residential complexes · builders of additions to multi-unit residential complexes used as student housing · developers in Ontario, Nova Scotia, New Brunswick, PEI, and Newfoundland and Labrador · GST/HST compliance teams at real estate developers
Source of truth: SOR/2024-157 on the official source
Legislative text © King's Printer for Ontario. This page is not an official version of the law and is not legal advice. Verify against the official source before acting.
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