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 to receive.
Receive up to $30,000 in tax-free rebates when you renovating your custom home.
Ask Access Rebates for assistance with your previous HST Rebate denial
Background
In July 2010 Harmonized Sales Tax (HST) came into effect replacing the existing Goods and Service Tax (GST). Immediately taxes on custom-built homes increased from 5% to 13%. To reduce this increased tax burden on Homeowners the Federal Government introduced an HST Rebate program that allows Homeowners to receive a rebate of up to $16,080 on HST paid on their newly built custom homes. Very few homeowners are aware of the HST Rebate program, and as a result, do not apply for it.
Who can apply for the HST Rebate?
How much is HST Rebate?
The HST Rebate is a maximum of $16,080.
Do Cottages Qualify?
In order to qualify for the HST Rebate, the Custom Built Home must be your primary residence. If the cottage is a secondary property it will not qualify for the HST Rebate program.
What if I built the home and a family member lives in it?
In order to apply for the HST Rebate, the Homeowner does not need to live in the Custom Home. A close family member may however live in Custom Home. A homeowner can apply for an HST Rebate if any of the following family members use the Custom Home as their primary residence including:
How long do I have to apply for the rebate?
A Custom Homeowner has 2 years to build a home, and 2 years from the date they moved into the Custom Home to apply for the HST Rebate. Therefore a Homeowner can apply for a custom-built home up to 4 years retroactive from today. After this deadline, the HST Rebate is no longer claimable.
Do I need to live in Canada in order to apply?
A Homeowner does not have to reside in Canada in order to apply for the rebate. If you own a home that you custom-built and a close relative is using it as their primary residence you are entitled to receive an HST Rebate no matter where you live in the world.
What happens if I built the Custom Home to flip it?
If you have built the Custom Home with the intention of flipping the property you are not entitled to the HST Rebate. Homeowners are cautioned not to apply for the rebate in this situation. If the Homeowner applies for the HST Rebate, and receives it, then sells the property within 2 years of building it, more than likely CRA will send them a tax bill for the HST Rebate they received plus interest.
When should I apply for the HST Rebate?
You can apply for the HST Rebate when the home is 90% complete.
How long does it take to receive the rebate?
In addition to the HST Rebate program, there are several additional funding programs a homeowner may be entitled to including:
The Custom Home Rebate provides up to $16,080 for homeowners who build or have a General Contractor build a custom home that will be used as their primary residence.
Homeowners who build a custom home may be eligible for the rebate.
No, there is no minimum construction cost requirement. Building a home is considered eligible regardless of the total construction cost.
Yes, you can claim the rebate if you build on your own land. You may also qualify for an additional rebate if HST was paid when purchasing the land.
Yes, substantial renovations may qualify if at least 90% of the home’s interior has been renovated, excluding the basement.
You may recover up to a maximum of $16,080.
No, you may complete the construction work yourself and still qualify for the rebate.
A custom-built home is an owner-initiated home build where the property owner either builds the home themselves or hires a General Contractor or Builder to construct the home.
No, homes built for immediate resale or flipping purposes do not qualify for the rebate.
Yes, eligible building materials are included in the rebate calculation.
Yes, applications must be submitted within 2 years of the occupancy date or completion of the custom home.
Please contact Access Rebates for a personal consultation regarding the documents required for your claim.
Yes, invoices from subcontractors and tradespeople are included in the rebate calculation.
Yes, you may be able to claim more than one property if you qualify as a First-Time Home Buyer.
No, the home must be fully completed before a rebate claim can be submitted.
Yes, land purchase costs may be included if HST was paid on the land.
Yes, you or an eligible family member must use the home as a primary residence.
No, investors do not qualify for this rebate. However, they may be eligible for an Investment Property Rebate.
No, homeowners must apply for the rebate after the home receives occupancy.
Yes, Housing Rebate Consultants can help maximize your claim and ensure you receive all rebates for which you qualify.
All of these programs have different filing deadlines.
Receive up to $25,130 in tax-free rebates when you build your custom home.
Ask Access Rebates what you need to claim an HST Rebate on your Custom Home
