HST housing rebate

Who is Entitled to an HST Rebate? Buyers who are purchasing a “pre-construction” unit (most typically a condo) are entitled to an HST rebate. As well, homeowners who are “substantially” renovating their property are eligible for an HST Rebate on home renovations. Guidelines are stipulated by the Canada Revenue Agency. end-users (and investors) who are purchasing a pre-construction...

Who Qualifies for the HST New Housing Rebate? While its name might imply that the rebate is only available to those who have purchased a brand new home, it is actually available to a much broader group of homeowners. In addition to having purchased a brand new house that has never been lived in, the HST New Housing Rebate is also applicable to homes that the owner has built by themselves from the...

Who is entitled to receive an HST rebate? The Ontario New Housing Rebate is open to several types of claimants – those who have purchased a brand new residence – those who have built their own new home – and those who have “dramatically” renovated their primary residence (90% of the structure). Both end-users and real estate investors are eligible for the rebate under specific...

How can my owner-built home qualify? There are certain criteria for claiming the HST New Housing Rebate for owner-built homes. You must build (or engage someone to build) a home on land that you own or lease. You could also “substantially” renovate your existing home (or engage someone to do so). “Substantially” renovated means at least 90% of the interior of the home must be either...

How does Ontario’s HST housing rebate work? To qualify for Ontario’s HST housing rebate, your new home must be your primary residence, or the primary residence for a close blood relative. While proving your primary residency may not be required when applying for your rebate, CRA may ask for proof at some point. When applying for a rebate, CRA allows two years to make a claim. The two years...

Landlord Fees that are Tax Deductible In general, you can deduct most reasonable expenses that are related to your rental income. The Canadian government defines these expenses as either current or capital. Current costs reoccur on a regular basis, such as painting the exterior of a building or cleaning eavestroughs. Capital expenses occur less frequently but provide a lasting benefit, such as...

How the GST/HST new housing rebate application for owner-built houses works You are also eligible for a GST/HST rebate if you’ve built a major addition to your house, or if you’ve converted a non-residential property into a residential property. While the GST/HST new housing rebate application is accessible from Canada Revenue Agency, some individuals find it valuable to hire tax...

Ontario’s new housing rebates require specific eligibility requirements in order to qualify: you must be purchasing a newly built home or a newly built condo you must hire a builder to build (or substantially renovate) a home you must undertake a major addition or renovation to a home (or rebuild a home) you must alter a non-residential building into a residential building With...