Whether you’ve recently purchased a new home that needs a lot of work or are ready to upgrade your existing home, renovations and remodels can rack up quite the bill. But for homeowners in Ontario, the HST rebate on home renovations is a viable option that can help you get more return from your investment. Instead of focusing on repairs one after the other, tackle your home and apply for the HST new housing Rebate in Ontario. Our team of experts at Rebate4U can help you determine whether your home makeover qualifies for the New Housing Rebate, which can ultimately save you tens of thousands of dollars on your upgrades.
If you are interested in why you should turn repairs into renovations with the home renovation HST rebate, read on.
Understanding the Home Renovation HST Rebate
The HST Rebate in Ontario is a program offered to residential property owners who have completed a renovation that includes significant changes to their homes. To be eligible for the rebate, you must essentially rip the existing property down to the studs and rebuild it. The renovations should account for approximately 90% of the interior. If you’re unsure whether your plans or recent renovation qualify for the program, contact the team at Rebate4U. With 13 years of experience, our experts have the knowledge and expertise to help you know where you fit.
Benefits of Turning Repairs into Renovations
Repairs, maintenance, and renovations are inevitable for virtually every homeowner. If you’re investing in floor upgrades, room expansions, and attic insulation top-ups, you may already be investing a significant amount of your time and money into enhancing the home. When you group your upgrades and repairs together, you can go beyond simply improving the energy efficiency, comfort, or utility of your home. Still, you can increase your chances of qualifying for the HST Rebate on Home Renovations. When you have a new large-scale vision for the property, take advantage of the opportunity offered by working with Rebate4U to recover a significant portion of your investment.
How to Turn Repairs into Renovations
If you first were only planning repairs for your home, switching your vision to a renovation will start by creating a plan of the entire property. It helps to map out your ideas by first identifying damaged, broken, or inefficient building features. Then, move on to additions or upgrades that will improve your experience. Your new ideas will unfold as you plan, from taking down dividing walls to updating outdated plumbing. Once you have your plans or you’ve completed your renovations, consult with our specialists at Rebate4U to determine exactly how you fit into the Ontario HST Rebate program.
Applying for the Home Renovation HST Rebate
When applying for the HST rebate in Ontario, it’s imperative that you complete your application with accurate information within 2 years of your renovations. To ensure that you meet the requirements outlined by the Canada Revenue Agency and get the best return possible from the rebate,
Get started with our experienced rebate specialists.