HST Rebate on Built / Renovated Homes

To qualify an individual in the last two years should have;


- Substantially renovated, or hired someone to substantially renovate, the individual’s existing house;
- Built, or hired someone else to build, a house on land the individual owns or leases;
- converted a non-residential property into the individual’s house;



When it comes to owner-built homes, the maximum Ontario HST new home rebate amount depends on whether or not the person paid the provincial part of the HST when he or she purchased the land upon which they constructed or extensively renovated a property. 



If the person paid the provincial portion of the HST when they bought the land, the rebate will be equal to 75% of the provincial portion of the HST paid on the land as well as eligible construction costs, up to a maximum of $24,000. If the person did not pay the provincial portion of the H.S.T. when they bought the land, the rebate is equal to 75% of the provincial part of the HST paid on eligible construction costs only, up to a maximum amount of $16,080. It is also possible to obtain a tax rebate for new housing from the Federal Government of up to $6,000