HST rebates can go a long way in helping homeowners reclaim some of the costs of purchasing, building property, or undergoing substantial renovations. But there is a lot of misinformation out there about the government’s HST rebate program. Rebate4U busts five of the most common myths to help you receive a nice cheque in the […]
It might be hard to believe, but the government has an HST new housing rebate program that gives homeowners some of their money back. HST rebates gives homeowners a chance to claim back a portion of their property’s HST from the CRA – whether it’s a personal property or investment property. Homeowners qualify if their […]
Did you know that if you substantially renovate your home, you are eligible for a government HST housing rebate? To be eligible, it’s important to understand that substantially renovating your home means that 90 per cent of your property’s interior has changed, which means that your home was essentially gutted. You can also apply if […]
It would be great if every homeowner qualified for an HST housing rebate, but that is not the case. The amount homeowners can receive varies from province to province. For example, the maximum provincial rebate in Ontario is $24,000, while in British Columbia, you can receive up to $42,500. On top of that, there’s a […]
Many property investors might have the misconception that they’re only eligible for the government’s HST rebate if the property is their principal residence. This isn’t correct. In fact, investors can receive up to $30,000, similar to homeowners who purchase a new condo or house. When buying a home or a condo, your builder will ask […]
The Canada Revenue Agency has been looking to reclaim up to $30,000 in HST rebates from some property investors who bought new homes or condos, according to the Toronto Star. As home prices continue to rise in Canada with the most recent statistics showing that the average price of a home is up to $389,119 […]
