Residential property owners in Ontario looking to get money back that they've invested into their home have the opportunity to apply to the HST Rebate in Ontario. Designed to help lessen the cost of residential property ownership for your primary residence. This program has been available for many years and gives successful applicants a significant portion of their HST costs back. If you’re looking to cash in on this program for your newly renovated or built property, you must first understand some of the complexities of the program. This will ensure you are suited to the program and you get the most out of our submission. For more information on your individual application for the HST Rebate in Ontario, book a consultation with our experts at Rebate4U.
Here are some common misconceptions or misunderstandings for the HST Rebate on New Homes in Ontario.
Qualifying Renovations
While it’s true that the HST Rebate on New Homes can apply to home renovations, not all renovations will qualify. To be fit for this program, home renovations or construction must be substantial enough to consider the property a new home. In simple terms this means that to count for the HST Rebate on Home Renovations your property must either be built completely from the ground up on an empty plot of land or it must be stripped down to its bones and rebuilt. In some cases, a major addition may qualify for the program but it will depend on the scope of the work. If you’re planning an expansive home renovation and are not sure whether this project is going to count as a new home, talk to the team of experienced experts at Rebate4U.
New Homes from Builders
If you’re buying a new home directly from a builder, meaning you’re not involved in the construction, then you do not need to apply independently for the HST Rebate program. The builders will factor in your rebate directly into the costs. If you are not buying from the builder, rather you’re buying a plot of land or you’re buying an existing property and tearing it down, then you need to submit an application for the HST Rebate on New Homes by yourself. Before proceeding with your application, talk to our experts at Rebate4U. For more than 12 years, our team has helped residential homeowners get back millions of dollars collectively through the HST Rebate in Ontario.
Living in The Home
For your application to be successful, you must fit all of the eligibility requirements. One of the most important qualifiers is that the property be your primary residence. This means that you or an immediate family member must be living in the home. The HST Rebate on New Homes is not available to flippers or property investors, and it does not apply to vacation properties or cottages. The HST Rebate on New Homes is meant to be an opportunity for homeowners to save on their investments in their primary place of residence.
Streamline HST Rebate Applications with Rebate4U
It’s understanding applying for a rebate to Canada Revenue Agency can be intimidating and confusing for many. To ensure you get the best advice and guidance for your unique case, contact our experts at Rebate4U. We pride ourselves on knowledge, reliability, and customer services.
