How Can You Recover Costs with the HST Rebate in Ontario
The provincial and federal government offers a rebate program where a portion of the HST or Harmonized Sales Tax is returned to someone buying a newly built property or significantly renovating their primary residence to the point where it is deemed an entirely new home. This rebate program helps Ontarians offset some of the costs associated with construction and renovations.
How to Collect the Ontario HST Rebate on Home Renovations
To collect the Ontario
HST rebate on home renovations, you must fill out an application and apply with the Canada Revenue Agency. Since you are managing the renovations, you’ll have to make an application and submit it. Rebate4U is available to help property owners streamline the application process for maximum accuracy and to maximize your rebate. When you work with our team of experienced experts, you can trust that we will carefully guide you through the intricacies of your HST Rebate application.
Do Your Renovations Qualify for the Ontario New Home HST Rebate?
The eligibility requirements for the Ontario New Home HST rebate are very specific. To qualify for this rebate, you and your property must meet the criteria outlined by Canada Revenue Agency.
- To be considered a “new home” and to qualify for the Ontario new home HST rebate, your renovations or remodel should account for at least 90% of the house’s interior.
- The renovated property must serve as your primary residence for at least a year.
If you’re unsure whether your property is a fit for the Ontario HST Rebate on Home Renovations, reach out to the Rebate4U team. With more than a decade of experience working with the CRA and managing Ontario New Home HST Rebate applications, we can help you find the right option for your property.
About Your HST Rebate Application
You have two years following the completion of your renovations to apply for the HST Rebate in Ontario. Retain copies of all your invoices, plans, and permits related to your home renovations. You will need to submit to the CRA these documents as evidence of your renovations.
How Rebate4U Can Help
Streamline your HST rebate application with support from the tax experts at Rebate4U. With help from the Rebate4U team, you can focus on managing your renovation with the confidence that your application is being handled accurately and in our hands. With many years of experience working with the CRA and homeowners in Ontario, we can help you mitigate any issues while maximizing your rebate.
If you have any questions related to the HST rebate program in Ontario, contact our team today.