Incorrect Occupation Type
If you’re applying for the HST Rebate in Ontario and you’re not renting the property out, you or an immediate relative must be occupying the property as a primary residence initially. If you plan to flip the property or you have a different address that is your primary place of residence, you may not qualify for the HST Rebate on new condos. To find out whether you fit the eligibility requirements before submitting your application, contact the Rebate4U team. If you are renting out the property but still want to claim a rebate, you should explore the New Residential Rental Property Rebate instead.
Tenancy Agreement Duration
A critical mistake made when property buyers are applying for the HST Rebate on new condos for a rental property involves signing tenancy agreements for the wrong amount of time. The HST rebate on a new condos or the New Residential Rental Property Rebate is available primarily to those who have a tenancy agreement for at least 1 full year. If the condo is not being occupied as a primary residence or there isn’t a sufficient agreement in place, the Canada Revenue Agency (CRA) may not approve the application.
Submitting Incomplete or Incorrect Documentation
An incomplete application is one of the most common reasons for a delay or rejection of your rebate claim. The HST rebate in Ontario process requires you to submit various documents, such as the agreement of purchase and sale, proof of occupancy, and any amendments to the purchase price. If any of these documents are missing, incomplete, or inconsistent with your application, the CRA may request additional information, leading to significant delays.
Double-check that you have attached all required documents before submitting your application. If you're unsure which documents are needed, consult with a rebate specialist at Rebate4U who will make sure that your application is completely and accurately filled out.
Overlooking the Filing Deadline
Timing is crucial when it comes to filing for the HST rebate on a new condo. You must submit your application within two years of the closing date of your new condo. Missing this deadline is a costly mistake, as the CRA is strict about adhering to the filing window. If you're approaching the two-year mark and haven’t yet filed your application, you will need to move quickly. For speedy submission of the application, talk to our experts right away. If extenuating circumstances apply, book a consultation with Rebate4U to learn whether you are able to submit a late filing.
Not Factoring In HST Paid on Upgrades
Many condo buyers forget to include the HST paid on upgrades in their rebate application. Any customizations or additions made to your new condo—such as upgraded kitchen appliances, flooring, or bathroom fixtures—are often subject to HST. If you’ve paid for these upgrades but failed to account for them in your rebate application, you could be leaving money on the table.
A good rule of thumb is to gather all receipts and invoices for upgrades and renovations completed before you took possession of the property. Including these costs can increase your rebate. Our team will work with you to comb over you upgrades and investments into your condo or rental property, and explore all of the rebate opportunities .
Confusing the Different Rebate Programs
In Ontario, there are several HST rebate programs available, and confusing them can result in filing the wrong application. For instance, the HST rebate on a new condo applies to primary residences, while the New Residential Rental Property Rebate is designed for those purchasing homes to rent out. Filing for the wrong rebate program or misunderstanding the eligibility criteria is a common error that could jeopardize your application.
If you’re unsure which rebate program applies to your situation, consult a professional service that specializes in HST rebates. A specialist can help you navigate the complexities of the application process and ensure you're applying for the correct rebate. If you’ve applied for the wrong HST Rebate or you’ve received a letter from Canada Revenue Agency about an error in your application, contact the Rebate4U team as soon as possible. With many years of experience, we can help fix application mistakes.
Mistake-Free HST Rebate Applications with Rebate4U
Whether it's an HST rebate on new condos, home renovations, or rental properties, the HST Rebate in Ontario is a lucrative program available to home buyers throughout the province. Don’t let the fear of mistakes keep you from cashing in on the opportunity. Get your application done right the first time with Rebate4U.
