The Ontario New Home HST Rebate Timeline

Completing the Application Process

If you’re building a brand-new home, you can apply for the HST Rebate when most of the construction has been completed, and the home is occupied. If the home or condo has been purchased as new, you can apply for the rebate when the purchase/sale closes. If you’re doing a “substantial” renovation on an existing home, you could be eligible for the HST Rebate on home renovations. Because of the processing time required, it’s recommended to apply for the rebate when most of the renovation work has already been done.

A Step-by-Step Application Process

In general, the HST new home rebate is designed to help new home purchasers with the high costs of purchasing a new home. The rebate recovers a portion of HST tax that was paid out.Step 1:To be eligible, you must build a new home by either self-contracting or hiring a builder. When renovating a home, at least 90% of the house must be cleared and completely renovated.Step 2: Application paperwork and all supporting documents must be submitted by a prescribed deadline date. Cost outlays may include land purchase costs, building construction, and interest charges.Step 3: A rebate application should be submitted immediately after the closing date of a home sale or after completion of a renovation. All HST rebate applications must be filed within two years.Step 4: Many home purchasers don’t wholly understand the HST rebate process. As such, it can be very valuable to work with tax rebate professionals like Rebate4U, who manage the entire process.Step 5: Rebate4U helps clients to get approved for the maximum rebate possible. We have worked with Canada Revenue Agency on countless HST rebate applications, satisfying all of our clients. At Rebate4U, in-house tax rebate experts provide clients in Toronto and throughout Ontario with the most professional service. We manage the entire application process for newly built homes and “substantial” renovations. And with our personalized service, we make sure every client is 100% satisfied. With Rebate4U, clients are assured of an application process from end to end.

Contact the Rebate4U Team today to learn more about recuperating your costs with the HST Rebate on New Homes.