Get Money Back with the HST Rental Rebate
The leading opportunity of buying or building a new residential property in Ontario is the HST Rebate. With any purchase you make on goods and services in Ontario, you’re charged Harmonized Sales Tax or HST, which is a 13% tax. With large purchases like a home or condo, the 13% harmonized sales tax can add up to a significant charge. To provide property owners with a break, the government offers an HST Rebate in Ontario that gives applicants a portion of the amount spent on HST back. Depending on the specifics of your application, you can receive thousands of dollars back. When you apply for the New Residential Rental Rebate in Ontario, it helps to have the support of an experienced and knowledgeable expert. At Rebate4U, our team has many years of experience helping property owners throughout the region maximize their return from the HST Rebate on new condos and newly built homes.
Passive Income from Rental Properties
Rental properties are a great way to create a secondary income. By providing housing for another person or family, you can generate a substantial supplementary income that you can put towards your primary residence or other important expenses in your life. Using the HST rebate sum you receive from a successful application, you can invest more into increasing the value of your rental property, which can help grow your return from your rental income. With the extra cash from your rental property and the HST Rebate, you can put more into kitchen upgrades, bathroom renovations, appliances, retrofits and more.
What Do You Need to Apply for the HST Rebate?
Submitting an application to Canada Revenue Agency for the HST rental rebate can be
intimidating for some homeowners. However, working with Rebate4U can streamline the entire process for a stress-free submission. To apply for the New Residential Rental Property Rebate, you must apply within 2 years of purchasing the new property, and your application must have the appropriate documentation to support your claim to the HST Rebate in Ontario, including a valid lease agreement. To learn more about what you need to apply for the rebate and to find out if you qualify, contact the experts at Rebate4U.
