Found Money
is What Clients Like to Call it
Canada’s Reno Rebate Inc. continues to spread the word about government rebates for new-home purchases, owner built homes and substantial renovations to existing homes during the tenure of the HST throughout Ontario and British Columbia. Happy clients are receiving up to $42,500, which is the upper limit a homeowner can receive for a project. Canada’s Reno Rebate Inc. has already helped homeowners apply for rebates totaling over $4 million through in Vancouver and Toronto the number of homeowners we are helping is growing exponentially.
“There is a misconception that if your home is worth more than $450,000, you are not entitled to any government rebates, but this is just not true,” says Sean.
Do I qualify has to be the most frequently asked question my staff get say’s Sean Leit Each renovation or new build is not exactly the same so we have to determine that the best we can on a case-by-case basis.
though. There is a deadline of 2 years from the time you completed your major renovation or new build to apply though there are a couple exceptions to that rule too.
To qualify for a major renovation you must do substantial work to the majority of the inside of your home. If your work was limited to a small portion of your home, such as a bathroom or kitchen, or you just not qualify for this rebate. The end result of your renovation should be that your home or the expenses incurred on the outside of your home, you can only claim these amounts if inside of your home.
If you purchased a new home or condo for yourself, the builder has probably claimed the rebate. If you purchased that property as an investment rental property, the builder could not claim the rebate and as the owner of that condo or home you may be entitled to a rental rebate for as much as $42,500 once you have signed a lease with your tenants.
If your home is worth more than $450,000, you are not entitled to a federal rebate; however, you may be entitled to a provincial rebate if a portion of the construction took place during the term of HST. If your home is worth less than $450,000 you are entitled to both a federal rebate as well as a provincial rebate for the portion spent during the period of HST.
A new home built or renovated for your self, or as a family members’ primary place within the last 2 years. If the home’s value is more than $450,000 then you are only entitled to a rebate for money spent between July 1, 2010 and March 31, 2013.
Canada’s Reno Rebate has representatives throughout British Columbia and Ontario who are happy to help clients with the forms that need signing and a brief questionnaire. For the areas where we do not have a representative, or if you would prefer to download the forms for signing right from our website in the comfort of your home and use our free courier service, the time involved is minimal and your rebate could be huge.
There is a brief questionnaire on our website which allows you to see if you qualify for the rebate and only takes a few minutes or if you like you can give us a call and in just a few minutes we can determine if you qualify.
Everyone seems to know someone who - one who might qualify make sure to let them know before they miss their deadline.
Canada’s Reno Rebate Inc. handles all the paperwork and follows through with the government until you receive your cheque. Because Sean and his staff know the forms, - ciently and quickly collect the information and submit exactly what the government agencies need. The company charges no upfront fee and if you don’t receive a rebate, the application costs you nothing. So have you got to lose?