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! Use our handy little calculator below to discover the purchase price with HST removed.
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.
You may also be interested in our HST Rebate Calculator.
Start by simply clicking the purchase price box, the calculator will update itself. Change the default values and tab to the next box.