When purchasing real estate, the HST is blended into the purchase price by the developer and the HST calculation itself is not formulated the same way as something you would purchase at a store. In other words, it’s not a straight 13% on the purchase price!
You may be eligible for a “New Housing Rebate” or a “Rental Property Rebate” for the HST you paid if you purchased a newly constructed condo or residence. You can visit the Canada Revenue Agency’s Webpage for more information on qualifying or which rebates you can claim.
Use our handy little calculator below to discover the purchase price with HST removed.
Start by simply clicking the purchase price box, the calculator will update itself. Change the default values and tab to the next box.
Builders list price