Supplement To The New Residential Rental Property Rebate Application Page 4

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Protected B
– when completed
Section C – Rebate calculation for Type 8 – Unit in a co-op (continued)
Tick the applicable box and complete the calculation based on the rebate rate you used to complete line V.
If the result for line W is "0", a GST/HST new residential rebate is not available for that unit
Complete line W as follows if the rebate rate that applied for completing line V was 1.71%
and situation A applied to you:
• If line U is $367,500 or less, enter the amount from line V.
• If line U is more than $367,500, enter the result of the following calculation:
($472,500 – line U)
× line V
If negative,
enter "0"
$105,000
Complete line W as follows if the rebate rate that applied for completing line V was 1.61%:
• If line U is $392,000 or less, enter the amount from line V.
• If line U is more than $392,000, enter the result of the following calculation:
($504,000 – line U)
× line V
If negative,
enter 0
$112,000
Complete line W as follows if the rebate rate that applied for completing line V was 1.60%, or 1.71%
and situation B applied to you:
• If line U is $395,500 or less, enter the amount from line V.
• If line U is more than $395,500, enter the result of the following calculation:
($508,500 – line U)
× line V
If negative,
enter 0
$113,000
W
$
Complete line W as follows if the rebate rate that applied for completing line V was 1.57%, or 1.71%
and situation C applied to you:
• If line U is $402,500 or less, enter the amount from line V.
• If line U is more than $402,500, enter the result of the following calculation:
($517,500 – line U)
× line V
If negative,
enter 0
$115,000
Complete line W as follows if the rebate rate that applied for completing line V was 1.58%:
• If line U is $399,000 or less, enter the amount from line V.
• If line U is more than $399,000, enter the result of the following calculation:
($513,000 – line U)
× line V
If negative,
enter 0
$114,000
Complete line W as follows if the rebate rate that applied for completing line V was 2.04%:
• If line U is $371,000 or less, enter the amount from line V.
• If line U is more than $371,000, enter the result of the following calculation:
($477,000 – line U)
× line V
If negative,
enter 0
$106,000
Complete line W as follows if the rebate rate that applied for completing line V was 2.34%:
• If line U is $374,500 or less, enter the amount from line V.
• If line U is more than $374,500, enter the result of the following calculation:
($481,500 – line U)
× line V
If negative,
enter 0
$107,000
GST/HST new residential rental property rebate (line T minus line W).
X
$
Provincial new residential rental property rebate amount (if you are eligible, complete the calculation on the
applicable provincial rebate schedule and enter the result on line Y).
Y
$
See Form RC7524-BC, GST524 British Columbia Rebate Schedule or Form RC7524-ON, GST524 Ontario Rebate
Schedule.
Total rebate amount, including any provincial rebate (line X plus line Y).
Z
$
Privacy Act, Personal Information Bank number CRA PPU 080
Page 4

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