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Are you a new homeowner looking to maximize your savings? Look no further than Rebate4U's New Home HST Rebate service. With us, claiming your rebate is a breeze. Our experts simplify the process, so you can enjoy more funds for your new home without the hassle of complex paperwork. Visit our website today and unlock your savings potential.

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HST Rebates Made Easy: Your Path to Financial Benefits

Let Rebate4U guide you through the complex CRA rebate application process. Determine your eligibility for HST rebates for new homes and renovations. Contact us at info@rebate4u.ca or 416-783-6969. Visit our office at 2700 Dufferin St. Unit 68, Toronto, ON M6B 4J3.

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Is Your Home Renovation Actually Worthwhile?

For homeowners considering a home renovation, the project budget is probably at the top of the list. Beyond budget limitations, decisions should be based on how long you plan to stay in your home, or if you’re planning to sell immediately after the renovation.

When it comes to major home renovations, or substantial additions to the home, the Ontario New Home HST Rebate might provide some cashback on these huge undertakings. Overall, it’s important to make big decisions like these with more of a “long view”.

With any home renovation (kitchen, bathroom, or basement) there’s a debate about the inherent value, especially when reflecting on the so-called “added real estate value.” There are countless views on the subject, leaving homeowners with the final determination.   

Assessing and planning a home renovation

A home renovation for the long term is evidently going to be different than a renovation for the purpose of resale. More than that, there’s a big difference between cosmetic remodeling and structural work. It all depends on priorities and preferences – and of course budget.

For some homeowners, the kitchen is a priority – it’s the centre of the home. And for many real estate agents, the kitchen “sells” the home. For others, bathrooms are the most important, mainly because of the immediate payoff when it comes to comfort and convenience.

A clear renovation winner is the basement, simply because it can provide immediate practical benefit while adding real estate value as additional living space. Here again, it’s about personal preferences, the cost of renovating, and the long term return-on-investment.

Home additions or substantial renovations

With a major home addition or “substantial” renovation, a property owner could be eligible for the Ontario New Housing Rebate. Also known as the Ontario New Home HST Rebate, Canada Revenue Agency has specific guidelines for claiming portions of HST paid out on a home renovation.

For the Ontario New Housing Rebate, only property owners can make a claim. What’s important is the definition of “major addition” and “substantial renovation.” For example, with a renovation, at least 90% of the home would have to be substantially renovated to be eligible for the HST rebate.

For a “major addition,” guidelines are similar to a renovation and apply only to interior portions of a residential building. Understandably, these rebates can get complicated, so it’s often helpful to contact a rebate specialist who can submit the claim and attain the highest possible rebate.

Rebate4U helps homeowners with the Ontario New Home HST Rebate

Rebate4U is a professional rebate service that helps homeowners across Ontario to claim the Ontario New Housing Rebate. We provide a streamlined application process – we handle all of the paperwork – and we make sure that everything is submitted on deadline.

During COVID-19, we continue to serve customers throughout Ontario. Our staff is working remotely, and at the same high level of service. Find out more about the Ontario New Home HST Rebate at 1-800-610-4510 or visit our company website at www.rebate4u.ca . 

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