Home Addition, Conversion, and Renovation Rebates

TORONTO - Jan. 19, 2021 - PRLog -- You might be able to claim the GST/HST rebate if you:

• Did a significant renovation on your home.
• Renovated your home and made an addition to your home.
• Changed a non-residential property into a residential property.

Note: You might also be eligible for a provincial new housing rebate if you live in Ontario or British Columbia or if you paid HST before April 1, 2013 (BC).

Read below to see if your construction makes your house technically "new." Note that having a "new" house is not the only criterion for rebate eligibility. To see all of the conditions, consult the Owner-built houses guide

Substantial renovation

Significant and extensive renovation generally constitute a new house.

However, these renovations must be major to qualify. You more or less have to clear out the house's interior for your renovation to qualify as a substantial renovation. In order to determine if your renovation qualifies, use the 90% test, which states that  90% or more of the interior of an existing house must be removed or replaced to for a renovation to be considered major.

Note that passing the 90% test does not require that you  touch the house's staircases, foundation, roof, supporting walls, and/or floors. However, GST/HST paid in renovating these items may be eligible for the GST/HST rebate.

How We Can Help

Here at New Housing Rebate, we provide people with the absolute best rebates, rates and customer support. We offer help wherever we can, and our team is fully equipped, experienced and ready to take on all of these financial issues. We will work closely with you to ensure you get the best rebate possible. With rates like ours, there is no point looking elsewhere! We have extremely competitive rates compared to other rebate businesses. Whether you need a rebate from a home addition/reno, new residential rental property, transitional and new housing, we provide you with exactly what you need. From start to finish, we will make sure that you are satisfied with our services and what we offer. If you would like to learn more about how to work with us, and how to get the absolute best rebate possible, be sure to contact us via email/social media or visit our website linked below today! We look forward to speaking with you and seeing you there.

Learn More: https://www.newhousingrebate.ca/home-addition-conversion-...