Many new and existing homeowners in Ontario take the warm summer months to complete their summer construction projects. If you’ve been working on a significant home renovation or building a brand new home from the ground up, then you could be eligible for the HST Rebate in Ontario. The popular rebate program is offered to residential home buyers and is meant to help homeowners save on the expenses related to buying a brand-new property. If you’re building a new home or significantly renovating a home, you will have to submit an application to the Canada Revenue Agency. To understand how you can get money back from the HST Rebate on home renovations for your summer home rebuild, book a consultation with the rebate experts at Rebate4U. For over a decade, our experts have helped homeowners across Ontario get a portion of their HST back on their construction.
Here’s what you need to know about how to get money back with Rebate4U.
How to Apply for HST Rebate in Ontario
When you’re not buying a new home directly from the buyer, you must submit an application yourself for the HST Rebate on home renovations.
Do You Qualify for the HST on Home Renovations
First, you must make sure your home fits the eligibility criteria for the program. If you’re not sure whether your home qualifies, book a consultation with Rebate4U. Our team will provide you with tailored guidance.
To be considered a fit for the HST Rebate on home renovations, your home must be your primary residence, and the upgrades or construction must account for approximately 90% of the property. Essentially, you should tear the home down to the studs and essentially revamp it into an entirely new property. If you’ve completed an upgrade, our team will help you understand whether it fits the requirements and how much you can get back.
Gather Documentation of Your Renovations
Ensure you have all necessary documentation, including contracts, invoices, and receipts, that detail the work done and the HST paid. These documents will be essential for proving your eligibility and calculating the rebate.
Some of the documents you will need include:
- Contracts: Agreements with contractors or builders.
- Invoices and Receipts: Proof of all payments made, including the HST paid.
- Detailed Work Descriptions: Outlines of the work completed, which are necessary to prove the extent of the renovations.
Submit the Application
Once your forms are completed and your documentation is in order, submit your application to the CRA. Ensure that you double-check all the information provided to avoid any delays in processing.
Wait for Processing
After submission, Canada Revenue Agency will review your application. Processing times can vary, but typically, you should expect a response within a few months. If your application is approved, the rebate will be issued as a check or direct deposit.
Get Money Back with the HST Rebate and Rebate4U
Rebuilding your summer home can be a costly endeavour, but the HST rebate in Ontario offers a way to recover a portion of those expenses. To learn more about the eligibility requirements and to get started on your application, contact the Rebate4U team.
Contact us today.
