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What Qualifies Your New Condo for the HST Rebate in Ontario

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Date Posted
21 October 2022
The HST Rebate in Ontario presents an excellent opportunity for residential property owners in the region to get some of the money back from the government that they spent on acquiring the property. One of the two rebates available through the Canada Revenue Agency is the HST Rebate on New Condos. By applying for this rebate, qualifying condo owners renting their newly purchased property have been able to receive thousands of dollars back. If you’re interested in getting money back via Ontario’s HST Rebate program, contact the team of experienced rebate specialists at Rebate4U.Not sure if you qualify for the HST Rebate on New Condos or the New Residential Rental Property Rebate? Read on to learn more about eligibility.
What Qualifies Your New Condo for the HST Rebate in Ontario

Is Your Property a Residential Rental Property?

To be considered for the New Residential Rental Property Rebate or the HST Rebate on New Condos, your newly purchased property must be a residential rental unit. For at least one year upon closing, the first person to occupy must be a tenant, which you have to be able to prove by providing a one-year lease agreement with your application. Furthermore, commercial units do not qualify for the HST Rebate in Ontario, nor does anyone looking to flip properties (buy and resell it within a short period of time).

When Did You Buy Your New Condo?

The Canada Revenue Agency grants two years after you buy a new residential property when you can apply for the HST Rebate on new condos. After which, your application is not guaranteed to be successful. If you’re nearing the end of two years after purchasing your property, it’s best to consult with the Rebate4U team about your options and to streamline your application process. With more than a decade of experience helping homeowners apply for the HST Rebate in Ontario, our team has experience and expertise when it comes to dealing with Canada Revenue Agency.

Have You Paid HST on Your Property?

When you buy a new property directly from the builder and tell them your initial plan is to occupy the property as your primary residence, they will often automatically discount the 13% harmonized sales tax (HST), most of the time without your knowledge. So, when you decide to rent the condo upon closing, you will no longer be eligible for the HST rebate in Ontario. If you have received notice from Canada Revenue Agency, the Rebate4U team can help you fix the mistake and your HST Rebate on New Condos, so you can rectify the situation.

Applying for the HST Rebates in Ontario

Applying for the HST Rebate in Ontario can be stressful, but with guidance from a team you can trust, your application process can be simple and hassle-free. Our team will instruct you on the documentation you are expected to submit and the process you need to follow. If you have any concerns about your eligibility, contact the Rebate4U team today to find out how you can apply for the HST Rebate in Ontario.

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For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

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Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

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We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

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The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

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