Homeowners, obtain an HST rebate of up to $30,000 today!
At Rebate4U Inc., our experts help homeowners like yourself obtain the HST New Housing rebates you’re entitled to from government agencies. Whether this is your principal home or an investment property, our expertise, knowledge and experience in the rebate process will help you receive the maximum rebate amount you deserve.
We can help you obtain an HST rebate of up to $30,000 if you have done any of the below in the past 2 years:
- Built a home
- Purchased a newly built home
- Purchased a new condominium
- Substantially renovated a home / a condominium
- Built a major addition to a home
- Converted a non-residential property into a home
- Contracted / hired someone else to perform these actions for you
Renovating your home is a pricey endeavour, but you can recoup some of your costs with the help of Rebate4U. Whether the renovated home is your principle or investment property, Rebate4U can get you an HST new housing rebate of up to $24,000.
A home is a shelter for you and your family, but it’s also a large investment. That’s why an HST rebate is a great help in lowering your costs. When you’re shopping for a home, it’s important to consider how many people it will house, the location and what is nearby, such as transit, grocery stores and schools, and also the home’s value. For many families, a home can serve as a nest egg that you can sell when it comes time to retire, but when you shop for a home it’s hard to find the right one.
Many people see buying a home as a sign of reaching adulthood and in North America. In Canada, 69 per cent of Canadians owned their home in 2011, which is 0.6 percentage points higher than four years ago, according to the 2011 National Household Survey. This means that 9.2 million Canadians owned their home out of 13.3 million households. Oshawa, Ont., had the highest level of homeownership with 79.6 per cent, while Sherbrooke, Que., had the lowest with 54.9 per cent.
Canada’s government is similar to many other developed countries, where governments encourage residents to own homes, which is also why the federal government created the new housing rebate program.
How much can a renovation tax rebate save me?
When you go shopping for a home, it’s important to consider that you’ll likely never find your dream home. It’s unlikely that another homeowner has the same vision of a dream home as you do, which is why it’s important to look beyond what they’ve done and see what you can do when you purchase it. Remember, If you have purchased a newly built residential rental property, you may be eligible for a rental rebate from the government. In 2013, Canadian homeowners expected to spend an average of $15,300 on home renovations, according to a CIBC poll. The average cost varied across the country with Albertans expecting to spend the most ($22,900) and Atlantic Canadians spending the least ($11,000). Keep in mind, this is only the cost for one year and many homeowners do multiple renovations. If you’ve taken on a substantial renovation, such as adding a new addition to your home or gutting your home, you could be eligible for an HST renovation tax rebate provided by the federal government.
But deciding on the type of renovations you want can be tricky. While you may enjoy a swimming pool, it isn’t necessarily a renovation that will benefit your home’s value since many homeowners don’t want one. The kitchen or bathroom may not be a room that you think needs to be redone, but both of these aspects can provide large increases to your property’s value. And not all renovations are aesthetic, such as updating your windows. If you have old windows, replacing them could result in instant savings since it could reduce air leaks and drop your heating and air conditioning costs.
Homeowners sometimes take on larger renovations, such as adding more space to their home for additional family members, whether it’s another room or gutting the home’s interior due to asbestos or structural issues. As multi-generation homes become more common, sometimes homeowners want to add to their starter house rather than purchase another residence since there are extra costs they need to consider including a land transfer tax, lawyer fees and a long process of finding the right property in the right area. An HST rebate can add to your budget and help you make your renovations possible.
Larger renovations can take months and sometimes the homeowners need to find alternative living accommodations during the renovations. Money goes towards hiring contractors, buying materials and sometimes day-to-day costs if you aren’t staying at home, which is why it’s important to set a renovation budget. This way you have an amount in mind of how much you need to save up, as well as what changes you can make and what you can’t. With renovations, it’s a delicate balance between debating the changes the owner likes and the changes that will increase the property’s value compared to the changes the owner can sacrifice and the changes that won’t add much value. Unfortunately, sometimes there are unforeseen circumstances that can drastically increase your repair costs, such as issues with electrical or structural that are only discovered when the property’s structure is revealed. This is why it’s always good to spend under your budget and give yourself a little breathing room. An HST renovation tax rebate can also help you cover some of that windfall.
But, before any of these changes begin, it’s important to ensure that the city approves the work you’re planning. When developers build homes, they must be up to specific safety standards and zoning bylaws. Typically, many major housing changes need a permit from the city, which is important to have before you proceed. In some cases, the city has told homeowners to demolish parts of their property – or even the entire property – if they’ve done extreme home upgrades without any approval. Don’t throw your money away by ensuring that you’re following the proper protocol and save money by having Rebate4U apply for a new home HST rebate.
Another important part of the renovation process is choosing a trustworthy contractor that fits into your budget. Ask for recommendations from people who’ve used contractors to do some of their home renovation work, since they have first-hand experience with this contractor. Even after you receive a name and a number, do your due diligence and conduct thorough research on the contractor, which includes getting references and seeing if you’re able to take a look at some of the previous work they have done. There have been many unfortunate scenarios where homeowners have been left with construction issues after hiring the wrong person. After you’ve ensured that this contractor has a good reputation, get a quote and see if it’s something that you can afford. Don’t be afraid to shop around for a contractor that will be a proper fit for the job and also consider the different timelines they can give you for the project. You might not know this, but an HST rebate can help you cover some of your costs.
The common denominator with any renovation changes you make is they require money and an HST renovation tax rebate is a great option. A great aspect of the HST rebate is that you don’t have to file a claim right away. You have up to two years to claim the amount, which is beneficial for any homeowners who were not aware of the HST rebate.
Get an HST new housing rebate when buying an investment property
Buying a home is a pricey purchase, which is why any money you can get back from the government is important. The average cost of a home in Canada was $389,119 in December of 2013, according to the Canada Real Estate Association, with homes being even pricier in some cities. When you purchase a home, you also need to consider that closing costs will add 1.5-4% of your purchase price. A new housing rebate can go a long way in mitigating your costs. Let Rebate4U’s team of tax specialists help you receive an HST rebate and we will only be paid after you receive a non-taxable cheque payable only to you.
If investors are looking to park their money in a residential property, they have the option of purchasing a house or a condo. There is currently a widening gap between the cost of condos and houses in some cities, which is why it’s important to research the housing market of the place you plan to invest. Some cities, such as Toronto, Montreal and Vancouver, are buoyed with foreign investors, which in some cases has driven housing prices higher. There’s a larger barrier to entry for first-time home owners in these cities, but the city’s rental rate is important to consider as well. In many cases, if the local housing market has a low rental vacancy rate, then investors can rent out their property to cover the cost of their mortgage and utilities, which means no extra costs for them. To help you offset some of these costs, an HST rebate or a condo rebate will be beneficial to you.
If you follow the news, the housing market may seem like a scary investment. You can never be sure whether your home will gain or lose value, especially with the large housing correction that took place in the United States during the 2008 recession. But one of the major benefits of investing in housing is that they are typically functional, long-term investments. Homes can be held as an investment property for many decades and even passed on to future generations. It’s common for housing markets to experience ups and downs and as long as you don’t need to tap into your nest egg, you can continue to wait until the property’s value improves. An HST rebate will give you some extra money to help reduce the risk on purchasing a new investment property.
Housing markets can also be slightly unpredictable due to changes in the city’s infrastructure, the neighbourhood, or zoning that can have an impact on your property’s value and are out of your control. Investors shouldn’t buy and sell property too quickly, since there are also land transfer costs that need to be paid when you buy a property and also you tend to swallow a large tax charge for the money you receive. Luckily, an HST rebate is a perfect option to help you recoup your money, but these extra costs affect the profit your investment provides.
When you buy a property, homeowners pay a large amount of tax thanks to the high purchase price. The government’s HST rebate lets you take a portion of this back, which is a welcome relief to many customers. Rebate4U can help customers receive an HST new housing rebate of up to $30,000. When you lease your property, you will be required to pay HST, but Rebate4U can help you take money back from the taxman. Some people may be sceptical of our services, but we consult lawyers and accountants who ensure that the money you receive is legitimate. Let Rebate4U put an HST rebate in your pocket.
With your HST rebate money, you could put that towards more investments or congratulate yourself on putting money towards a long-term investment. To date, we have filed over $6.6 million in rebates for our clients.
At Rebate4U Inc., our priority is to provide our clients with the most professional and quality service in obtaining an HST rebate in Toronto and throughout all of Ontario for new and renovated homes. We are proud to offer our clients the most personal and attentive service and we make sure that all of our clients are 100% satisfied. We take care of all the administration and you only pay for our services once we get your rebate cheque.
Give Rebate4U a call at 1-416-783-6969 or toll free at 1-800-610-4510 or drop by our office to learn more about the rebates we can get for you.
Some of Our Client Testimonials
I came upon a flyer at my door one day saying if you have completed a major renovation you may be entitled to a HST refund. I did a bit of research on the Revenue Canada website and was surprised that this was a legit refund. I looked at the application process and there was a lot of information needed. I did not want to miss any information and this is why I used the experts to give me the maximum refund possible. I am so happy that I used Rebate4u. Right from the beginning the experience was good. I was treated with respect. The whole process was real easy. I just had to gather all my receipts and answer a few simple question from the company. It was well worth it. This is extra money I didn’t even know I was entitled too. I want to thank you for the time you took in complete my application and getting my money for me.
Rebate 4U did a great job with my renovation rebate: they took care of the whole process from start to finish and were prompt, efficient and helpful in all my dealings with them. I’d definitely use their services again should the need arise and would recommend them to anyone who doesn’t have the time or inclination to deal with the tedious process of applying for rebates.
Tim F, Toronto
To be very honest, when I received the first flyer in the mail, I threw it away, without even looking at it. A few weeks later, I got a second one. This time I read it and thought to myself, yea right…. and again it went into the recycling bin. I received a 3rd flyer, and read it again. This time I said to myself, I will call and see if this is for real. So I did. Idan came on the phone and explained everything to me, very professionally. It sounded real. I had nothing to lose. I had recently finished a total renovation of my house and had paid a lot of hst tax. I gathered all my invoices and went the Rebate4u office on Dufferin. That time I met Michael who again told me how this program worked. I signed some papers and left. About 2 weeks ago I got a call from CRA asking me if I wanted my rebate deposited in my bank account directly. I had provided a void cheque, and said : ” of course”. Last Friday I got the money deposited in my bank account. In excess of 11K. I am thrilled. If it wasn’t because of the persistence of Rebate4u.ca I would have never known about this program. My accountant never told me about it, even though he knew I was doing a massive renovation in my house… Thank you Idan and Michael. This feels like found money, even though it is an absolute legitimate government program.