If you've made a purchase of a brand new condominium from a builder, you might qualify for an HST Rebate of up to $30,000. For those who plan to use the condo as an income property, thereâ's an opportunity to claim a rebate through the government's HST Rental Rebate Program. With the right documentation in place, the in-house experts at Rebate4U can assist in submitting the claim and asking for the largest rebate possible. Applicants will require:

a copy of the legal realty purchase/sale agreement
a copy of the final closing statement of adjustments
a copy of the one year lease agreement with tenants

Eligibility for the HST Rebate on condominiums varies with the type of property and the planned usage. Most buyers seem to be aware of the HST Rebate that is available for a condo purchased as a principal residence. But many buyers don't know about the rebate available when the condo is purchased as an investment and then leased out to tenants. As long as the condo was purchased in the last two years, the owner would be eligible for a rebate. In most condominium transactions, buyers will be asked whether the property will be a principal residence or an income property. Unfortunately, there is often confusion for new buyers when it comes to understanding the guidelines for HST Rebates. Builders will usually formulate a closing price that includes HST, and will likely benefit from a potential rebate. At Rebate4U, the process is more clearly defined, and the benefits come to the buyer. As specialists in HST Rebates, the team at Rebate4U can assist in evaluating the HST that should be paid, and can assist in recovering the applicable rebates from government. Here, the Rental Rebate Loan Service helps buyers to acquire the maximum rebates, in a stress-free manner that is both simplified and understandable. With all of the administration and paperwork, the process becomes straightforward and professionally administered. For many, the HST Rebate process is hard to grasp, and submission errors often occur. This can be time consuming and sometimes costly - especially if a rebate has to be repaid due to an error. In addition, the two-year window for applications can quickly disappear, and then it's too late to submit. With Rebate4U, submission errors are avoided, and inconsistencies are handled through proper communication and follow-up with government.HST Rebates are offered to both first-time condominium buyers and more seasoned real estate investors. But in either case, Rebate4U staff can help with eligibility requirements, submission of paperwork, and securing the maximum rebate amount. Beyond condo purchases, Rebate4U can also assist buyers with other real estate activities that qualify for government HST Rebates. These services are client-focused, with the most competitive fee structure:

building a brand new residential home
substantially renovating a home or condo
building a major addition to an existing home
converting a property into a residential home
contracting a builder to do any of the above

More of our Blogs

HST housing rebate

25 October 2024

Can You Apply for the HST Rebate More Than Once?

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.

View Full Post

HST housing rebate

17 October 2024

How the HST Rebate Can Make Your Renovations More Affordable

Renovating a home is an exciting yet expensive endeavour. Whether you're adding a new room, upgrading your kitchen, or modernizing your home's exterior, costs can quickly add up. Fortunately, if you're planning renovations or have recently purchased a new home, there's a financial break available that many people overlook—the HST rebate. The HST Rebate in Ontario can...

View Full Post

Condos

30 September 2024

Signs You've Made a Mistake on Your New Condo HST Rebate Application

Read on to learn the signs you've made a mistake on your new condo HST rebate application!

View Full Post

Houses

13 September 2024

Benefits of Tearing Your Home Down to Its Studs

Renovating your home by tearing it down to the studs can seem like an extreme measure, but it's often the most effective way to transform your living space. This process involves stripping a house down to its basic framework and rebuilding it with modern materials, updated systems, and improved layouts. Whether you're fixing structural issues or reimagining your home, going down to the...

View Full Post

HST housing rebate

29 August 2024

Why Apply for the HST Rebate If You're Renting Your New Property for the Academic Year

If you’ve recently purchased a new condo or home, and do not anticipate occupying it immediately as your primary residence, then it can be financially beneficial to consider renting it to a student if you’re located near a post-secondary institution, as you may be able to apply for the New Residential Rental Property Rebate. As part of the HST Rebate in Ontario, the NRRPR allows...

View Full Post

HST housing rebate

15 August 2024

How to Get Money Back on Your Summer Home Rebuild

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...

View Full Post

HST housing rebate

25 July 2024

Can Rental Properties Qualify for the HST Rebate in Ontario

Homeowners have allways had great opportunities to benefit from HST rebates in Ontario. However, now renters have similar opportunities, if you meet the eligibility criteria. Contact Rebate4U for more!

View Full Post

HST housing rebate

17 July 2024

How to Get Money Back from Your Home Construction with the HST Rebate in Ontario

Opting to build your own home from scratch has numerous benefits including the fact that you can obtain an HST Rebate. Contact Rebate4U for a free consultation!

View Full Post

Newly built homes

21 June 2024

Benefits of Building Your Home with the HST Rebate in Ontario

Buying a new home in Ontario is a significant investment and a challenging process in the region’s competitive real estate market. As a result, many prospective home buyers look to buying land or properties that need large-scale renovations instead of buying directly from a builder or a ready-to-live-in, listed property. Understanding the financial benefits of building your own home with the...

View Full Post

HST housing rebate

11 June 2024

Frequently Asked Questions About the HST Rebate in Ontario in 2024

The new housing rebate is a fruitful opportunity for residential property owners and buyers across Ontario who fit the eligibility criteria. The HST Rebate in Ontario is applied to newly built or renovated homes and when applicable, can result in tens of thousands of dollars back into the pocket of the home buyers. When approaching the application process for the HST rebate on new homes or newly...

View Full Post