What Properties Can Be Considered for The Rebate?
There is often a concern of what properties truly fit the requirements set out by Canada Revenue Agency for the HST rebate on new homes. When applying for the HST Rebate on new homes, your property should be your primary residence, so vacation homes, cottages, and other properties that will not apply. If you’re not sure how your home fits into this requirement, contact the Rebate4U team for guidance.
What Renovations Count?
When you buy a home and plan on renovating it, your property could be eligible for the HST Rebate on New Home if the project's scope is wide enough. For the Canada Revenue Agency to consider the house a “new home” and qualify it for the HST Rebate, your renovations must account for approximately 90% of the property. Essentially, the existing property should be torn down to the studs and rebuilt from there. You must also have had to pay HST on the renovations for those costs to be counted.
How Should You Submit Your Application?
For the best results from the HST rebate on new homes, it’s best that an experienced professional oversee your application. At Rebate4U, our experts will ensure there are no errors and all of the requirements are met. Our team will also make sure that your application is finetuned to ensure you get the best return based on your property.
What to Do if CRA Contacts You for the HST Rebate?
If you have applied on your own and there are mistakes in your application, you may receive notice from Canada Revenue Agency. While receiving these types of letters from the CRA are understandably frightening, don’t panic. Contact the Rebate4U team. With over 12 years rebate experience, our team is experienced with correcting application mistakes, and can help you manage the problem.
What Do You Need to Apply for the HST Rebate?
To apply for the HST Rebate, you’ll need proof of all your renovations. To streamline your application and get all the right documentation together for your particular application, contact Rebate4U. Applications can vary from one person to another, so it’s best to move forward under the guidance of a specialist.
