A note of Home Renovation Rebates in Ontario

by Access Rebates HST rebate on new home Ontario

If you are a homeowner looking forward to home renovation rebate, you will be glad to know Canada Revenue Agency provides home renovation rebates in Ontario. These are the HST rebates to which one is eligible if he abides by all the government regulations. For better clarity, CRA has formulated specific definitions for major additions or substantial renovation of an existing house. The Canada Revenue Agency has incorporated several buildings into the rebate program including the ones converted from commercial to residential property.

Homeowners must note, they can claim HST renovation rebates Ontario only for two years after the renovation is done.

Access Rebates can help with your previous HST Rebate denial:

Home renovation rebate is the most difficult rebate claim to apply for; it is because many homeowners get incomplete information from their accountants or companies they take assistance from. If you have been told that you do not qualify for home renovation rebates in Ontario or have been denied by the Government, experts at Access Rebates can recheck the eligibility and check if the claim was filed correctly. Our specialists have experience in dealing with Government funding programs and have a success rate of 100% so far.

About HST:

The HST or harmonized sales tax came into existence in July 2010 after replacing existing Goods and service tax. With the implementation of HST renovation rebates Ontario, the taxes on newly built houses and condominiums increased from 5% to 13%. So, to reduce the tax burden, the Federal Government introduced a rebate program that allowed the homeowners to receive a rebate of up to $16,080. The properties that are renovated by 90% or more are also included in the HST rebate program.

Eligibility for Home Renovation Rebates:

To qualify for a home renovation rebate the property must be owned by an individual or a group of people. If the property is owned by a group, only one person is eligible for the rebate. The property owned by a company is not eligible for the HST rebate.

Do cottages qualify for renovation rebate?

If the cottage is your primary residence, you are eligible for the home renovation rebates in Ontario, but if it is your secondary property, you are not eligible for it. If a close family member lives in the newly renovated home, but the owner does not reside in it, one is still eligible for the rebate. A person can apply for the rebate if his parents, siblings or children live in the renovated home.

How much time you have to apply for the rebate?

A homeowner gets a time of two years after the renovation has been done to apply for the HST rebate. If you cross this duration, you are no longer eligible for the rebate.

Is it compulsory for the homeowner to live in Canada to apply for the rebate?

No, it is not compulsory for a homeowner to reside in Canada to be eligible for HST rebate on home renovation, till the time he has a close relative living there.

About us:

Our HST renovation rebates in Ontario specialists have filed millions of successful applications so far. If you are interested to know more about us, feel free to contact us through the online contact form or call us at +1 905 678 6368. For more information about our services, visit our website at https://accessrebates.ca/