The home must be the primary residence of the owner (or a close immediate family relative).
When applying for the New Home HST Rebate, supporting paperwork must be provided and documents must be kept on file for several years. All supporting documents must be in the name of the owner applicant (or co-applicant). Everything must be submitted by the deadline date.
The Ontario New Housing Rebate is administered by the Canada Revenue Agency, with guidelines and deadlines that must be accommodated. Improper applications can be disqualified and failure to satisfy CRA guidelines could result in a rebate application being rejected (with a penalty).
For Some Property Owners, the Rebate Process is a Challenge
To qualify for an HST rebate, the property buyer must reside in the purchased property and must be the first occupant of the property. The Canada Revenue Agency has several important guidelines:
- You must buy a brand new home, build a brand new home, or substantially renovate a home
- If you purchase shares in a co-op home, the purchased unit must be the primary residence
- If the home is newly constructed or substantially renovated it must be the primary residence
Canada Revenue Agency defines “primary residence” as the main living space of the applicant. The actual property address must appear on an applicant’s driver’s license, realty taxes, or the like. CRA sometimes requires proof of residency when submitting the finished application.
With all of the guidelines, regulations, deadlines, and paperwork, the HST application process can be a challenge for some property owners. That’s why it can be of great value to work with a tax rebate expert. It makes for a foolproof application process, without the stress or worry.
Working with a Tax Rebate Professional from Rebate4U
Rebate4U provides professional tax rebate services for the Ontario New Housing Rebate. We have many years of experience with the New Home HST Rebate, and our team of in-house tax experts has regular contact with the personnel at Canada Revenue Agency.
At Rebate4U, we serve property owners throughout the province of Ontario, and provide clients with full service – we prepare and submit the application; we assemble supporting documents, and we take care of any issues that may arise during the application process.
Working with Rebate4U, clients are not charged an upfront fee for the services provided. Our fee structure is based entirely on the success of the HST rebate application, and therefore payment is due only after receipt of the rebate amount from the Canada Revenue Agency.
During the COVID-19 pandemic, Rebate4U continues to service clients, although much of our work is being done remotely. Clients are assured of the same excellent standard of service. Find out more by contacting 1-800-610-4510 or visiting our website at www.rebate4u.ca .