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Download HST rebate forms here: www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4231/gst-hst-new-residential-rental-property-rebate.html
Big warning: The HST payable and rebate depend on the market value. If your property’s market value is way higher than what you paid, you might end up having to pay extra, so be careful!
Great video. Do this rebate apply if I don't have full time rental. I am renting on Airbb and VRBO.
You'll typically need a long term lease as proof of rental. The govt doesn't like short term rentals ... Best to verify with the CRA.
How long is it taking for HST rebate nowadays?
If you submit it today, it takes around two months for them to start the process and from that point around six months before they review it
@ElevateRealtyCa so its taking 8months?! I thought it was taking 2 months to receive the credit.
Download HST rebate forms here: www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4231/gst-hst-new-residential-rental-property-rebate.html
Big warning: The HST payable and rebate depend on the market value. If your property’s market value is way higher than what you paid, you might end up having to pay extra, so be careful!
Great video. Do this rebate apply if I don't have full time rental. I am renting on Airbb and VRBO.
You'll typically need a long term lease as proof of rental. The govt doesn't like short term rentals ... Best to verify with the CRA.
How long is it taking for HST rebate nowadays?
If you submit it today, it takes around two months for them to start the process and from that point around six months before they review it
@ElevateRealtyCa so its taking 8months?! I thought it was taking 2 months to receive the credit.