The legalization of cannabis will affect landlords in Canada since renters won’t know what to do about banning its use inside their rental properties. October 17th, 2018, was the official date for its legalization and landlords are more worried than ever. Many have started acting and prohibiting tenants from using cannabis. However, many tenants feel […]
Like many government incentives and rebates, the guidelines for the NRRP Rebate (also referred to as New Residential Rental Property Rebate) can be somewhat confusing and often difficult to understand. This is especially true with regard to the qualifying residential unit for NRRP Rebate, making it a challenge to prepare and submit an application.
The Ontario government has set up an HST rebate on new homes as a means of helping new homeowners with the ever-increasing cost of buying a home. By offering homebuyers an HST rebate on new homes, the aim is to lessen the financial burden for the many first time buyers. The HST rebate on new […]
Canada Revenue Agency has specific definitions for what is considered a “substantial renovation” and a “major addition”. These definitions relate to eligibility requirements for individuals who want to claim an HST rebate. For purposes of clarity, various types of residential buildings are defined, including those converted to be residential. Like other rebate programs, CRA outlines the […]
In this overheated real estate market, there is so much for new homebuyers to think about. For those thinking about a brand new build, or a pre-construction condominium, there’s a very good chance that a sizeable HST rebate is available on the property. With certain pre-conditions, and when the right paperwork is submitted, this type […]
In today’s real estate landscape, it’s not uncommon for a condo purchaser to purchase in June and close even one year later. It’s also not uncommon to have a time gap between the closing date and the move in date. So much so, that a buyer might decide to rent out the property prior to […]
