GST/HST New Residential Rental Property Rebate
Canada Revenue Agency
Your co-op probably knows that by qualifying as a non-profit organization providing housing, you can receive GST/HST rebates, but did you know that applying and qualifying for municipal status could open up opportunities for more refunds?
Municipal status was initially created to recognize the
61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.