Getting your HST back
IF YOU Purchased a new construction home or Renovated an old one!
CALL NOW TO DISCUSS YOUR eligibility 1-888-544-5467
The GST Rebate program for rental properties is fairly straightforward in concept: ensure that owner occupiers and investors are getting the same (net) deal as far as the taxes they pay on their purchase. In practice, however, it can be a mine field. Because there are always people on the lookout for loopholes and those who try to work the system to get more out of it than was intended by the rules, any rebate program has to have its qualifications, calculations and scenarios laid out in excruciating detail. While the intent is to be fair to everyone, the actual result is that some people can't or don't get the rebate they deserve. If you've looked over the forms and guides and thought that maybe it's just too complicated, give us a call. We've dealt with CRA for years, and seen every scenario imaginable; we have the expertise and the experience to get you your rebate.
Did you know that you can get an HST Rebate of up to $30,000 if you purchased a property to rent?
Did you know that you can get an HST Rebate of up to $24,000 if you recently renovated your home?
Did you know that you can get an HST Rebate of up to $30,000 if you purchased a new construction home?
You may be entitled to a rebate of the HST you paid, but be aware that the CRA prescribes very specific rules. You must meet the criteria to qualify under their programs. You must file the forms correctly and within the allotted timeframe. A mistake anywhere along the way can be costly.
The current guide from CRA for the Rental Property Rebate program is 33 pages long. It starts with one and a half pages of definitions, and continues with another half page to define who qualifies as a "builder". There are five application "types". The complete guide is readily available to anyone who wants to apply for a rebate. But do you have time to study up on the program and decipher the fine print? Can you afford to have your rebate claim denied?
Over $10 million in rebates have been processed. Make sure you get yours!