News and Insights

Québec Updates Guide on How QST and GST Apply to Housing and Residential Rental Property

Tax Development Mar 15, 2019

Revenu Québec recently updated its IN-205-V publication, which provides information on how GST and QST rebates apply to new or substantially renovated housing and residential rental property. The revised guide reflects an increase in the QST rebate rate and the amount available to qualified individuals for the purchase, construction, or substantial renovation of a residential unit. The maximum purchase price or fair market value above which no rebate is available has also increased from $225,000 to $300,000 for QST purposes.

While there was no change to the QST rebate rate for qualifying residential rental property, the maximum QST rebate amount has increased from $5,573 to $7,182.