Supplement To The New Residential Rental Property Rebate Application Page 2
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Protected B
– when completed
Section B – Rebate calculation for Type 6 and Type 7 (continued)
Part II – Rebate calculation chart
Complete one row per unit. If you need more space, make a copy or add another page. This form is available at
If you use more than one chart, number the pages, attach them to this form, and send them to us with Form GST524. Use the numbers you entered
on lines B, D, E, and F of Part I on page 1 to complete the chart. Copy those numbers on the lines below.
B
D
E
F
$
$
$
2
m
From line B on page 1
From line D on page 1
From line E on page 1
From line F on page 1
Note
Complete column 7 only if the amount in column 5 is more than the maximum rebate amount in column 6. Otherwise, enter the amount from column 6
in column 8.
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Unit number
Unit fair
Rebate
Unit floor
% of floor space
Calculation
Maximum rebate
Rebate reduction
space
of each unit
amount
market value
per unit
Enter only
Enter the square
Divide amount in
Multiply the amount from
Multiply the amount
Enter the amount in
Subtract from $450,000
Enter the amount from
column 6, or multiply the
qualifying
metres of floor
column 2 by the
line B above by the
from line D above by
column 5 or the amount
the amount in column 4
amount in column 6 by the
residential
space for each
amount from line E
percentage in column 3.
the percentage in
from line F above,
and divide it by 100,000.
amount in column 7
units.
unit.
above, and multiply
column 3.
whichever is less.
If negative, enter "0."
(if it applied) and enter
the result by 100.
See note above.
the result.
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
Part III – Rebate totals for application Type 6 and Type 7
G
Total number of qualifying residential units (enter the total of all units from column 1 of all copies of Part II).
H
$
GST/HST new residential rental property rebate amount. Enter the total of all amounts from column 8 of all copies of Part 2).
Page 2
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