Does a Bathroom Renovation Qualify for the HST New Housing Rebate?
Key Takeaways A standard bathroom renovation does not qualify for the GST/HST new housing rebate on its own. The rebate can apply to a “substantially renovated” home, which generally means all or substantially all (about 90% or more) of the interior has been removed or replaced. If you just bought a new home, your rebate […]
What Is It? The government of Ontario has created an HST rebate as a way of aiding new homeowners with the steep costs of buying a home. The goal of the HST rebate is to lessen the financial burden many first time buyers experience in today’s economy. What is the Process? The average processing time […]
Recent stories in the news are highlighting the requirements for qualifying for an HST rebate. The Canada Revenue Agency (CRA) has begun demanding the repayment of HST rebates claimed by people who do not qualify for the rebate. The Excise Tax Act states “if even a single registered buyer does not qualify for the new […]
Any homeowner understands the financial burden of acquiring or fixing-up a home. However, Canada has begun a new program to help offset these costs, particularly the costs incurred through taxes. The “GST/HST New Housing Rebate” rebates some of the money taken from the goods and service tax (GST) and the harmonized sales tax (HST), sometimes as […]
If you have any question or you think you are eligible for New Housing Rebate program, please check our services.
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