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ARTICLE · 22 SEPTEMBER 2023

Enhanced GST Rental Rebate For Purpose-built Rental Properties

Osler, Hoskin & Harcourt LLP
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On September 14, 2023, the Government of Canada announced proposed legislation to enhance the goods and services tax (GST) rental rebate on new purpose-built rental housing (the enhanced GST rental rebate).

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Alan Kenigsberg
Alan Kenigsberg
Roger Smith
Roger Smith
Sean Timlick
Sean Timlick
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On September 14, 2023, the Government of Canada announced proposed legislation to enhance the goods and services tax (GST) rental rebate on new purpose-built rental housing (the enhanced GST rental rebate). The government says it hopes the enhanced GST rental rebate will incentivize the construction of rental units to increase supply and provide more affordable homes.

Draft legislation released on September 21, 2023, confirms that the enhanced GST rental rebate will be available for purpose-built rental projects if "construction begins" on or after September 14, 2023, and on or before December 31, 2030. Eligible purpose-built rental projects must complete construction by December 31, 2035, to claim the enhanced GST rental rebate.

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