HST housing rebate

HST Rebate on Home Renovations Canada Revenue Agency is precise when defining the requirements for a substantial renovation. While there are several pre-requisites when applying for this HST Rebate in Ontario, CRA does require that 90% or more of the existing building be renovated. This refers to the interior of the building). Canada Revenue Agency will accept most reasonable calculations when...

Applying for the Ontario New Home HST Rebate When applying for an HST rebate, homeowners must supply the required application form and specific supporting documents. Everything can be personally prepared and submitted to Canada Revenue Agency. However, applicants often find it valuable to work with a rebate specialist. Supporting financial documents are required to account for the expenses...

Eligibility for the Ontario New Home HST Rebate To apply for the new home HST rebate, applicants must satisfy specific requirements. Submitted applications that do not fully meet the basic requirements could be disqualified for eligibility. a newly built home must be purchased a new-built condo must be purchased a builder must be hired to build a home a home must be substantially...

The New Residential Rental Property Rebate The NRRP Rebate is available to property buyers and/or property investors renting out the newly acquired residential property. This rebate is available only to the property buyer. This rebate is available once the property sale closes Claims must be submitted within two years of the closing Taxes paid on construction costs are also recoverable...

Applying for the New Residential Rental Property Rebate With the NRRP Rebate, the first occupants of the new property must be the tenants. This would not include the property owner. It means that a property cannot be purchased, occupied by the owner at first, and then rented – tenants must occupy the property right from the start. When applying for an HST rebate in Ontario, the application...

Eligibility for the HST rebate in Ontario When applying for the Ontario New Home HST Rebate, there are certain eligibility requirements that applicants must satisfy. Anything short could compromise and even disqualify eligibility. must be purchasing a newly built home must be purchasing a new-built condo must be hiring a builder to build a home must be substantively renovating a...

Late-Filed HST Rebate Applications As a general rule, late-filed rebate applications are NOT accepted by CRA. However, there are certain circumstances that might be considered – like illness or accident; a flood or fire; even a disruption of postal services. If the Canada Revenue Agency is responsible in any way for going beyond the two-year deadline, the New Residential Rental Property...

Some Things to Consider Real estate investing is one thing – being a landlord is another. In Ontario, there are strict laws governing landlord-tenant relations, and there are often ups and downs in that relationship. Yes, there are many challenges in being a landlord but there also great rewards. Even the basics require serious consideration – like down payments, interest rates, and...