If you have purchased a newly built home, townhome or condominium within the last 2 years with the intention of renting out the property, and it has a fair market value of $450,000 or less, then you are entitled to the tax-free Investment Property Rebate of up to $8,000 from the Government.
What type of Properties are eligible for the Investment Property Rebate?
If you have hired a Builder or a General Contractor to Substantially Renovate your Principal Residence within the last 2 years and your Principal Residence has a fair market value of $450,000 or less, then you may be entitled to a tax-free Housing Rebate of up to $8,000 from the Government. The Housing Rebate applies to:
If you have hired a Builder or a General Contractor to build you a Custom Home within the last 2 years that is or will be used as your Principal Residence and has a fair market value of up to $450,000, then you may be entitled to a tax-free Housing Rebate of up to $8,000 from the Government. The Housing Rebate applies to:
Government tax rebates have many rules and regulations. There so many formalities involved that the process can get confusing. One of the reasons why people get stuck during the process of claiming rebates is the complicated rules and regulations.
Rebate Programs For Custom Build Homes If you are planning or in the process of building your Custom Home contact Access Rebates to make sure you are taking all of the necessary steps to claim the HST Rebate once your Custom Home is complete. Also learn what other types of Housing Funding you are entitled […]
HST Rebate Investment Properties In July 2010 Harmonized Sales Tax (HST) came into effect to replace the existing Goods and Service Tax (GST). Immediately taxes on new homes and condominiums increased from 5% to 13%. To reduce this increased tax burden on Investors the Federal Government introduced a rebate program that allows Investors to receive […]
