If your home has been subject to fire or extreme damage from debris or even tornados, you may be left considering demolishing or gutting the property and rebuilding a new home on that property to make it habitable again. In Ontario, if you’ve recently completed a major renovation or rebuild, you may be eligible for […]
The New Home HST Rebate, or the HST Rebate on Home Renovations, is an attractive opportunity for property owners who are planning to remodel their home with a significant renovation or build a completely new home from scratch on land that they already own. The New Home HST Rebate program offered by Canada Revenue Agency […]
If you’ve been saving up to renovate your home for some time now: dreaming of new layouts, furnishings, and designs, now might be the time. For those who qualify, the Ontario HST Rebate on New Condo or Home can help the remodel fit within your budget. If you’re unsure whether your renovations are eligible, the […]
Building a new home or doing a wide-scale remodel is often one of the most significant purchases that we make in our lifetime. A new or remodelled home is a costly endeavour and a substantial financial responsibility from the time investment, materials, and labour. So, recovering some of the investment dollars can be a welcome […]
The last year or two have been incredibly frustrating for anyone trying to get home improvements going, mainly because of the delays due to the COVID-19 pandemic. Stay-at-home orders and non-essential workers have made it difficult to start a home renovation, never mind completing one. Renovation delays and interruptions are also posing problems for homeowners […]
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).
