Guide to HST Rebates & Renovations this Summer

Understanding HST Rebate Programs in Ontario

Harmonized Sales Tax or HST is a combination of the Goods and Services Tax (GST) and Provincial Sales Tax (PST) that is applied to all purchases, amounting to 13% throughout Ontario, including homes, building materials, and renovation services. To increase affordability, the new home HST Rebate in Ontario gives residential property owners a portion of the amount spent on construction returned to qualifying applicants. With help from the experts at Rebate4U, these rebates can help you allocate more budget to your home renovation projects or help you minimize the overall cost spent on your construction.

Application Criteria for New Home HST Rebate

To qualify for an HST rebate on newly built homes or home renovations, criteria outlined by Canada Revenue Agency (CRA) must be met. The Rebate4U team has detailed knowledge of what is expected by the CRA and can provide you detailed guidelines based on your particular case. Generally, the primary requirement for residential renovations is that construction be substantial, accounting for a significant portion of the structure. In most cases, eligible projects are those where the home has been torn down the studs and totally rebuilt. You may also apply for the HST Rebate on newly built homes if you are constructing an entirely new property on an empty plot of land you own. It is important to note that the property must be your primary residence and have been completed within the last 2 years. To learn more about the nuances of the application process, reach out to Rebate4U directly.

Claiming HST Rebate in Ontario

To be rewarded with the HST rebate in Ontario, you must submit your application within the appropriate timeline. Your submission to the CRA should also include supporting documentation to back up your claims for the rebate. Consulting with Rebate4U’s team of experienced tax specialists will provide you with guidance on what records and applications to maximize your rebate and ensure adherence to the CRA guidelines,

Get Started on Your Renovation Rebate with Rebate4U

Home renovations are an exciting endeavour. With the support of the Rebate4U team and the Ontario HST Rebate program, it can be far less stressful. Whether you’re improving your existing property or starting from the ground up, the HST Rebate on home renovations and newly built homes can minimize your costs. To learn how you can leverage the HST Rebates, reach out to our experienced specialists.

Call Rebate4U today.