GST/HST for Residential Rentals: Who Qualifies and What You Get
Learn if your rental income requires GST/HST registration and how to claim tax credits on your property expenses.
This scheme outlines how tax rules apply to landlords regarding sales tax on rental income and the ability to recover certain costs.
Who it's for
This applies to landlords who earn more than $30,000 in annual revenue from their rental activities.
What you get
If you are registered, you can access input tax credits. These allow you to recover the sales tax you pay on expenses related to commercial properties or short-term rentals.
What it costs you
You are responsible for registering for a GST/HST number. You must also complete and submit regular tax filings to report your activity.
The catch to know
Most long-term residential rentals are exempt from these taxes. If your rental is considered long-term residential, you generally cannot claim input tax credits to recover the taxes you pay on your expenses.
How to apply
- Determine if your total annual revenue exceeds the required threshold.
- Determine if your rental type is short-term or commercial to see if you can claim credits.
- Register for a GST/HST number through the official government portal.
- Keep all receipts for expenses to support your filings.