How to get your home renovation HST rebate
HST is apart of all of our lives, we deal with it on virtually every purchase we make. When it comes to your home renovation. The HST does not have to be the elephant in the room. With proper invoicing techniques from your contractor and a whole lot of forms to fill out. You can get a large chunk of that HST you paid during your home renovation, back. To get an HST rebate on your home renovation you must meet certain requirements. Mainly you have to meet their definition of a “Substantial Renovation”. Please click on link provided to get more information as to what the really means. Once you meet those requirements the next step is two fold. Firstly you have to have detailed invoicing that can substantiate what was done in your home renovation . Secondly you must fill out the required forms, which can be done by a third party for a fee. We will cover both of these requirements in this article.
A home renovation HST rebate has to be able to prove that a “Substantial Renovation” took place. In short more than 90% of your home must have been renovated and you have to be able to show that with the appropriate bills. At Woodsmith Construction we always provide detailed invoicing just for that reason. We make sure that every stage of construction has been clearly defined in our invoices and the stage of work completed has been shown also. That way when you go to the CRA, all the required information is there ready for them to review. It is as simple as point and click with our breakdown invoices. We package your project up in dated folders throughout the course of any project. They are stored on our cloud based server, which makes them available to you anytime anywhere to send off to whomever you like. It is this level of detail, the CRA is looking for and with it, you are going to get the best rebate possible.
Attached to this article is a link to the HST forms available for you to download when required. Please make sure to read them carefully and fill them out as per their requirements. Many customers have opted to do this on their own or with their accountants and all have had some form of success in getting a rebate back. Remember as long as you are the end user of the product ie your home. You qualify for a home renovation HST rebate. You will not qualify for any rebate if you are planning on selling the home before living in it. Please make you read all of the requirements shown in the link provided.
Hopefully this can help you get a little of your money back from your home renovation project