Retail Sales Tax Transitional Tax Rebate
Eligibility for rebate
An RST rebate will be available for the RST paid on construction materials that were held in inventory immediately prior to July 1, 2010 and used as part of a repair or improvement to residential properties on or after July 1, 2010 and before January 1, 2011 on which HST was collected.
Qualifying residential premises
Qualifying residential real property contracts would include:
- Contracts to repair or improve land and items permanently attached to the land, such as buildings and patios.
- Contracts for repair and improvements to rental housing, condominiums and apartments buildings and long-term residential care facilities.
Non-Qualifying uses of construction material
The rebate is not available when the construction materials are used in:
- The construction or substantial renovation of a building in respect of which the new housing rebate or an RST transitional new housing rebate is available.
- The repair or improvement of a non-residential building or structure.
Applying for the Rebate
Contractors must file Form O298 “General Application for Refund of Retail Sales Tax” for the rebate along with supporting documents with the Ontario Ministry of Revenue no later than December 31, 2010.
Supporting documents include:
- Itemized receipts/invoices showing RST was charged on the construction materials purchased on or before June 30, 2010.
- Proof HST was charged for the repair or improvement of a residential building (e.g. copy of invoice etc.). Each item must correspond with an item for which the RST was charged at the time of purchase.
- Address at which the installations were made.
- Schedule listing each invoice claimed (date of invoice, amount of tax paid, supplier name etc.) with corresponding real property contracts.
All documents must be submitted to:
Ministry of Revenue
Retail Sales Tax, Refund Unit
2nd Floor, 1600 Champlain Avenue
Whitby, ON L1N 9B2
- Introduction of the Harmonized Sales Tax (HST) in Ontario
- Transitional rules for HST
- Winding down the Retail Sales Tax (RST)
- Temporary ITC Restrictions for Large Business
- Harmonized Sales Tax Checklist
- Retail Sales Tax Clearance Certificates
- Retail Sales Tax – Final, Supplemental and Amended Returns
- Retail Sales Tax Transitional Tax Rebate
- Contact Us
Articles on HST from our Accounting Blog
ITC Restrictions and Production Proxy
Special Report on Harmonized Sales Tax (HST) in Ontario
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