First-time homebuyer: Should you use the HBP to buy your first home?

If you're getting a home built in Ontario, you could qualify for the HST new housing rebate and get back some of the HST you paid to have it built. The rebate is extremely useful, but it is provided on the basis of specific rules. Having an idea of the rules prevents you from losing thousands of dollars in rebates. For professional guidance on your application, contact the professionals at...

The HST new housing rebate can offer substantial savings for homeowners in Ontario, but not all applications are automatically approved by the Canada Revenue Agency. In some cases, homeowners receive a denial from the CRA after submitting their paperwork. If your HST rebate in Ontario has been denied, it doesn’t necessarily mean you’re ineligible; instead, it may just mean that further...

The HST rebate in Ontario has helped thousands of homeowners across the province recover part of the Harmonized Sales Tax paid on new home purchases, substantial renovations, or new condo purchases. However, once you receive the rebate, it may not always be final. The Canada Revenue Agency (CRA) may request that you repay it under certain circumstances or reduce the amount you receive in the first...

When starting on a significant home remodel, Ontario residents usually put design, contractors, and budget at the top of their list, but leave behind a significant savings opportunity: the HST Rebate on Home Renovations. This government program will return thousands of dollars to eligible homeowners, but few claim it or are denied because of costly mistakes that could have been avoided....

Purchasing a new condo in Ontario is full of benefits, do you know that you may be leaving up to thousands of dollars on the table if you don't make use of the HST rebate for new condo purchases? This rebate program is one of the least-used money-saving incentives available to homeowners. Whether you're buying as an investor or as a primary residence, understanding how the HST rebate in...

Home renovations can be a significant investment, but for many Ontario homeowners, the HST rebate for renovations offers financial relief. Through the Rebate program, homeowners who substantially renovate or rebuild their homes may be eligible for a portion of the HST paid. Understanding the timeline for receiving the HST rebate in Ontario is essential for managing your renovation budget. If you...

The Ontario HST rebate was created to provide relief to homeowners purchasing new or extensively renovated homes as private residences. Similarly, the Condo HST rebate provides relief to those purchasing new condominiums with the intention of occupying the units. The majority of real estate investors are surprised to learn that they are eligible for neither rebate when selling the properties. In...

Because prices for properties in the province continue to increase, many people are turning to condo co-ownerships as a means of joining the market. But, if you wish to share ownership, it is worthwhile to understand what this can mean to your HST rebate on a new condo purchase. The Ontario HST rebate was designed to help save you on some of the cost of your purchase, but the rules can be...

For Ontario rental property investors, tax savings can be significant in the total cost of property improvements. Perhaps the largest tax incentive available is the HST rebate in Ontario, which allows property owners to recover a portion of the Harmonized Sales Tax (HST). However, many landlords wonder if their investment properties qualify for the HST rebate for renovations. Details of the...

When purchasing a new house or investment property, most Ontario purchasers expect to receive the HST rebate in Ontario to assist with some of the costs. Not all applicants will be eligible, however, and one of the most frequently missed aspects is how title to the property is held. Title to the property is a critical element in determining whether you can successfully claim the HST new housing...