How to get thousands of dollars back in HST rebate

Posted on Dec 20, 2016


When you purchase a newly constructed property, you are required to pay HST. As a matter of fact, the harmonized sales tax is included in the purchase price. While the vast majority of builders include the HST in the purchase price, others charge it in addition to the price. It is needless to say that families with modest incomes cannot afford the part that is required. So, they save until thye have enough money to afford the real estate. The good news, however, is that the Canadian government has given homeowners the possibility to recover the money they have paid out. The bad news is that you cannot deduct the harmonized sales tax from the agreed price and calculate your reimbursement. Things are not that simple, which is the reason why you need help. To obtain your new housing rebate, visit http://www.rebate4u.ca/. If you have not given much thought to how to get your thousands of dollars, keep in mind the following.

 

Know if you are eligible for the new housing rebate

The matter of fact is that not just anyone can claim the new housing rebate. Only those who have purchased or built a new home in the past two years have the right to claim a reimbursement on the part of the federal part of the HST paid. It is important to submit the application on time as you will not be able to do anything if more than two years pass. If you have bought a new place, then the builder will demand the deduction on your behalf. What happens is that you will sign the credit over to him and enjoy the deduction. It is important to remember that you cannot claim the new housing rebate if the residential property is not your primary place of residence. I f you are eligible for a rebate, then you need to get on touch with a specialist right away.

Make sure to complete your full details

As surprising as it may seem, many reimbursements are endangered due to the negligence of applicants. When completing the government forms, applicants do not ensure that their address changes are complete. You can change address, even if at the time of the purchase you genuinely intended to use the property as your main dwelling. However, if you want to be paid, you should better send the Canada Revenue Agency the details associated with moving.

Be cautious about who is on the title

If you are claiming the HST rebate, then you need not forget about who is on the title. Should more than one person be registered on the title, then they all have to qualify. The real estate must be used as the primary place of residence by all persons involved, whether spouse or grandparent. If only one of the buyers disqualifies, then all the family members disqualify as well. Unquestionable, you have the right to challenge the decision at family court, but the chances of winning the dispute are fairly slim.

The bottom line is that you should get help because matters, especially the forms and guides are too complicated. Trained pros have experience recovering people’s money, in other words recovering what is rightfully theirs.