Buying your first home is a huge event and an equally huge undertaking. There are financial considerations, legal responsibilities, and even that dreaded moving experience. The good news is for homebuyers who have purchased a newly built home. They could qualify for the New Home HST Rebate. The New Home HST Rebate is offered by […]
Many new homebuyers aren’t fully aware of the Ontario New Home HST Rebate. In general, this rebate allows homebuyers to apply for a refund on a portion of the HST paid on their new home. Homebuyers must have purchased their home from a builder or must have custom-built their own home. The newly purchased property […]
If in the last few years, you have bought a newly constructed house, you could be eligible for the New Home HST Rebate in Ontario. As long as the requirements for eligibility have been satisfied, this rebate is available to homeowners through the Canada Canada Revenue Agency (CRA). To be eligible for this rebate, the […]
Although the Ontario New Home HST Rebate can provide some HST relief for new homebuyers, several eligibility criteria must be satisfied. Homebuyers should also realize that the rebate isn’t always available to them.
For example, the HST Rebate on home renovations has several criteria that must be fully satisfied. Otherwise, the rebate may be challenged by Canada Revenue Agency and may be disallowed (in addition to monetary penalties).
Most Ontario residents have some knowledge about the HST Rebate in Ontario for principal residences. This rebate is offered ONLY to homebuyers who will live in the home as a primary residence. However, not many people are aware of the HST Rental Rebate offered to property investors who plan to rent the property. Many government […]
Homeowners applying for an HST Rebate in Ontario may qualify for an HST Rebate on home renovations. This is a specific rebate for applicants who have completed a “substantial renovation” on their home, added a “major addition” to their home, or converted a non-residential home into a residential home. “Substantial renovations” are defined by Canada […]
