New Housing Rebate
The Government of Canada offers a New Housing Rebate to recover a substantial amount of the HST paid by the purchaser. Homeowners can apply up to 2 years from construction completion. In addition, the home must be defined as the principal residence of the purchaser. In terms of the required paperwork, homeowners should present applicable construction invoices; the policy for home insurance; and relevant floor plans for the new home construction.
Purchasers who define a new condominium as an investment property, and who will rent out that property, can apply for an HST rebate through the Rental Rebate Program. Working together with Rebate4U, there are a number of pre-requisites necessary to ensure maximum rebates.
- Proof of the original agreement of purchase and sale
- Proof of the final closing statement and adjustments
- Proof of a one-year lease and the tenancy agreement
The truth is, rebate programs through Canada Revenue Agency can be quite time consuming, and sometimes difficult to obtain. After thousands and thousands of applications, Rebate4U now has an established reputation with CRA, allowing clients to get rebate approvals faster. Beyond that, the team at Rebate4U always strives for the absolute maximum in rebate amounts.