Home Renovation Rebates in Ontario

by Access Rebates HST rebate on new home Ontario

For homeowners who may be unaware, there are home renovation rebates in Ontario available through Canada Revenue Agency. These are the HST rebates with strict eligibility requirements that every individual must meet. It is because Canada Revenue Agency has specific definitions for what it calls to be a “major addition” or “substantial renovation” of an existing house. The agency incorporates different types of buildings into the rebate program, also including the ones that will be converted to the residential property. Like other rebate programs, homeowners get limited time to claim a home renovation rebate. Sometimes, the home renovation rebates are referred to as new housing rebates, but they stand for substantial renovations.

How to define Home Renovation Rebates in Ontario?

Substantial renovation or major addition can be defined through different methods. The Canada Revenue Agency sets standards for home renovation, i.e., there has to be a comparison between the total square footage of a house and the total renovated square footage. A homeowner gets a home renovation tax credit only if the total renovation square footage is more than 90%. Another way to check this 90% eligibility is to compare the number of rooms renovated with the total number of rooms.

The Canada Revenue Agency expects homeowners to be fair with the calculations, so it is the responsibility of a rebate claimant to complete and present documentation that supports eligibility criteria. The documentation is critical when it comes to home renovation rebate in Ontario because if it is not filed correctly, it can lead to the cancelation of the application.

Only a homeowner can claim HST rebate regardless of the fact, who in reality has carried out the renovation work. The definitions of “substantial renovation” and “major addition” are extremely important here for homeowners and the builders. It is because to check eligibility the adherence of 90% renovation must be followed too strictly.

How to get help with Home Renovation Rebates in Ontario?

Understanding HST rebates and home renovation tax credit can be a little complicated for homeowners – so this might be the time you need assistance from a rebate specialist. At Access Rebates, our tax experts know everything about the HST rebates and have been helping homeowners for many years. We enjoy a good reputation in the market and help clients receive maximum rebate amounts. We help clients with more than substantial renovations, and provide support with following as well:

Custom home rebates
Investment property rebates
Housing funding consultation
Low-income refunds
Disabled homeowners refund

Over the years, our experts have filed millions of applications for the home renovation tax credit. We are known for providing professional assistance throughout the process and ensure utmost client satisfaction.

If you are interested to find more about home renovation rebates in Ontario, 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/