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Rebate Blog

What home renovations pay for themselves?

Homes are a different kind of investment, they’re part personal, part functional and part a long-term asset. When you go shopping, you consider whether a home will fit into your plans, but sometimes those plans get thrown out the window for whatever reason. When it comes to renovating a home, it’s easy to spend upwards […]

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What upscale home renovations add the most value to your home?

When you become a homeowner, it’s common for you to want to renovate your property to suit your liking. Trust me, you’re not alone. In 2013, Canadians polled by the CIBC said they expected to spend an average of $15,300 each year on home renovations. Also, more than one third of homeowners said they expected […]

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What mid-range home renovations add the most value to your home?

When you buy or renovate a home, it’s a space for you or your family to grow in or it’s an investment opportunity, or both. For a homeowner who lives in their home, when you make changes to your space, it’s important to remember that your property can serve as a nest egg when it […]

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How to add a new addition to your home

After weighing the pros and cons of adding a new addition to your home, it’s important that you follow through the appropriate legal channels to avoid running into issues. We like to believe that our homes are our castles and we can do whatever we want to them, but this isn’t the case. It’s important […]

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Should you invest in a new addition to your home?

In the Canadian housing market, it was typical to buy a starter home, then once they were raising a family, they would move into a larger property. But with the rising cost of real estate in Canada with the average cost of a home selling for $388,553 in January 2014, according to the Canadian Real […]

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What housing rebates or credits are available for home renovations?

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 […]

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Ways to Reinvest Your HST Residential Rental Property Rebate

The New Residential Rental Property Rebate (also known as the NRRP Rebate) is made available to landlords and property owners who meet the guidelines specified by Canada Revenue Agency. The NRRP Rebate is available only to property owners who have paid the HST on a property purchased to be used as a residential rental property. […]

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How the HST Housing Rebate Can Help You Own a Home

If you’re planning to build a new house, or planning to make substantial renovations on an existing house, you could qualify for Ontario’s HST housing rebate. You’ll need to comply with CRA rules and regulations and provide all of the supporting paperwork for the rebate claim. In addition to owner-built homes, the HST housing rebate […]

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