Many people are interested in becoming a landlord but aren’t certain about all the financial logistics involved in managing rental properties. There are a lot of important decisions to consider when you become a landlord. In general, you will want to treat your rental property like a business: buying the right property, screening potential tenants […]
If you’re a property owner filling out a GST/HST new housing rebate application, it’s important to comply with all the guidelines, and provide all the requisite paperwork. You will be using the GST/HST new housing rebate application if you’ve built a brand new house, or if you’ve made a substantial renovation to your house. How […]
In Ontario, it’s possible to claim the GST/HST new housing rebate when purchasing a new home or condominium from a builder. This new housing rebate is also available when hiring a builder to construct a new home. Like many government-supported incentives, the new housing rebate can get confusing and complicated when trying to accommodate all […]
The New Home or New Housing HST Rebate in Ontario was created by the Government of Canada to help homeowners receive a maximum of $24,000 if the HST was paid on the purchase of the land, and $16,080 if it was not, while renovating or building a new home. If you have paid the HST […]
The Ontario Condo Rebate, also known as the New Residential Rental Property Rebate, is open to both Canadian and foreign investors. The rebate allows you to receive an HST rebate on a new home (or condo). To qualify for the Ontario Condo Rebate you must provide proof of a one-year lease for the property you […]
When you are buying your first rental property, you may be faced with a question whether you have to pay HST upfront on a rental income property in Canada.
