Are you a new landlord looking to rent out your investment property?
You may be eligible for the GST/HST Rental Property Rebate.
In Ontario, the New Residential Rental Property Rebate is available to property buyers who plan to rent out their newly purchased real estate. This particular rebate is for the buyer only – and not available to the vendor. The rebate is available right after closing, so it’s wise to apply ASAP.
The New Residential Rental Property Rebate has the same deadline rules as other HST property rebates, meaning that claims must be submitted within two years of closing. The HST rebate may include building construction, land purchase fees, and applicable interest charges incurred.
Applying for the GST/HST New Residential Rental Property Rebate
In general, as a property buyer, you will pay HST when purchasing a newly built, or substantially renovated property from a builder. Understandably, in order to declare the New Residential Rental Property Rebate, the property in question will have to be used as a residential rental.
Like other government programs, the New Residential Rental Property Rebate has an application process that can get complicated. There is a registration process; there are refund guidelines; and there is paperwork associated with the application procedure. For some, it’s overwhelming.
In some cases, applying for the rebate can be stressful. Unfortunately, some of the program rules and regulations are often confusing. And, of course, there are strict deadlines to accommodate. Worst case, if an application is filed late, or with some errors, the entire claim can be disqualified.
Rebate4U makes the rebate application process easy
With Rebate4U, the process of rebate application is made easy – there’s a level of expertise that can be very advantageous, especially for first time property owners. Rebate4U has in-house rebate specialists who make every effort to assure the highest possible rebate available.
The team at Rebate4U has extensive experience with provincial and federal programs, and has regular business contact with government agencies. Property owners can rest assured that all of the paperwork is submitted properly, all guidelines are followed, and everything is on time.
Working with the experts at Rebate4U, property owners are provided with a professional level of service from application, to follow-up, to refund cheque. It’s a streamlined process that relieves the stress factor for property owners, while ensuring the best possible outcomes – and quickly.
Over many years of service, Rebate4U has administered thousands and thousands of rebate applications from a variety of government programs. More importantly, the team at Rebate4U has proven itself to be reliable and reputable with provincial and federal government agencies.