The HST Rebate in Ontario is a highly beneficial program offered by the Canada Revenue Agency (CRS) for residential homeowners across the province because it gives eligible applicants tens of thousands of dollars back. By returning a portion of the HST on a new home purchase, renovation, or build, homeowners are able to make their money go further and save on important expenses and improvements.
Because it is a lucrative opportunity that helps put money back in the pockets of homeowners, many people across Ontario have already taken advantage of this exciting opportunity. Over the last 12 years, Rebate4U has helped applicants cumulatively receive millions of dollars back as a result of this rebate program.
Those who’ve already applied in the past once may be considering applying again with a new home. If you want to apply again for the HST Rebate on New Homes, here’s what you should know.
Can You Apply for the HST Rebate More Than Once?
It is possible to apply for the HST Rebate in Ontario more than once, provided that each application is tied to a distinct property or a new set of qualifying circumstances. To ensure that your application is successful, it is essential to understand the guidelines for applying for this rebate. For the best results from your application, book a consultation with Rebate4U. Our experts will help you understand how your property applies to this rebate and will highlight any other stipulation that must be understood for your application to be accepted.
Important Considerations When Applying Again
While you can apply for the HST Rebate in Ontario more than once, it’s essential to make sure that each application adheres to the rebate’s rules.
Here are some important points to keep in mind when submitting another rebate application:
Each Property Must Qualify
If you are applying for the rebate on multiple properties, ensure that each home meets the eligibility criteria. For new home purchases, this typically means buying from a builder or building a custom home for personal use. For renovations, the renovation must be substantial and account for approximately 90% of the property or more to qualify.
Primary Residence
The home must be your primary residence or that of a close family member, such as a parent or child, to qualify for the HST rebate. If you purchase a home strictly as a rental property, you may not be eligible for the rebate unless you meet specific conditions. For rental properties, be sure to talk to the Rebate4U experts to explore how you can qualify for a similar rebate.
Detailed Record
Ensure you have all relevant documentation related to the property and renovations. This is particularly important if you’re applying for the rebate on multiple properties, as the CRA may require proof that each application is tied to an eligible home or renovation project. For more insight into the right documentation, seek guidance from the experts at Rebate4U.
Get Money Back with the HST Rebate in Ontario
The HST rebate on new homes and home renovations is a lucrative opportunity, but it’s important that the application is handled accurately and strategically. For professional guidance and insight from our trusted experts, book a consultation with Rebate4U.
