Ontario New Housing HST Rebate: Everything You Need to Know

TORONTO - Feb. 22, 2021 - PRLog -- What Is It?

The government of Ontario has created an HST rebate as a way of aiding new homeowners with the steep costs of buying a home. The goal of the HST rebate is to lessen the financial burden many first time buyers experience in today's economy.

What is the Process?

The average processing time for the New Home rebate is between 2 to 6 months from the submission date. Applications must be properly filled out with all required information, invoices and supporting documents and sent to the Canadian Revenue Agency.

New Home HST Rebate applications need to be filed no later than 2 years from the initial closing date of the home or condo. For the application to be valid, the purchased premises must be the primary residence of the applicant(s).

There is a specific definition of primary residence according to the Canada Revenue Agency. Simply put, the house or condominium must be used as the main living space and must have its correct address stated on all official and personal public records. This includes IDs, passports, health cards, etc. Failure to prove the primary residence while applying for the HST rebate would result in a rejected application or even...

Read More: https://www.newhousingrebate.ca/blog/ontario-new-housing-...

How We Can Help

When it comes to rebates that stand above the rest, nobody does it quite like New Housing Rebate. Our rates are extremely competitive, ensuring you are getting the best deal possible. Our hard working and highly experienced team is on call and ready to help you with all of your Ontario rebate needs. To learn more about our Ontario New Housing Rebate (https://www.newhousingrebate.ca/new-housing-rebate-for-ow...), be sure to visit our website linked above and contact us today!