Today, there are hot real estate markets in every part of the country. This creates a whole new set of dynamics for homebuyers and home sellers, and especially for the first time homebuyer. But the fundamentals of buying remain the same, and it’s always wise to keep things on course.
Sometimes referred to as new housing rebates, new home rebates in Ontario are available to those who purchase a new home or condo directly from a builder, or who hire a builder to build a new home. In Ontario, the HST rebate is often assigned to the vendor on closing. This rebate then allows the […]
For homeowners who may be unaware, there are home renovation rebates in Ontario that are available through Canada Revenue Agency. These are HST rebates, with eligibility requirements that every individual must meet. In fact, Canada Revenue Agency has very specific definitions for what they consider to be a “substantial renovation” or a “major addition” to an […]
Canada Revenue Agency provides a definition for a large-scale home renovation that qualifies for an HST rebate. The definition outlines the eligibility requirements for those who wish to claim an HST rebate. In addition to a large-scale home renovation, there are also definitions provided for different types of residential buildings, and for buildings that are […]
For new condo owners in Toronto, or for those about to purchase, it’s important to understand some of the unique elements of the HST rebate. Needless to say, there’s a lot to think about when purchasing a new condo. But with a sizeable HST rebate available, it’s worthwhile to understand the eligibility requirements. When certain pre-conditions are satisfied, […]
The Government of Canada, through Canada Revenue Agency, has established a New Housing HST Rebate Program. It allows homeowners to recover thousands of dollars of HST that was paid out on a newly built home. With a retroactive claims period that is limited to just two years, homeowners need to assertive when claiming the HST […]
