Unlock Bigger Gains! The HST New Rental Rebate Every Toronto Real Estate Investor Needs to Know

แชร์
ฝัง
  • เผยแพร่เมื่อ 3 ธ.ค. 2024

ความคิดเห็น • 8

  • @ElevateRealtyCa
    @ElevateRealtyCa  3 หลายเดือนก่อน +3

    Download HST rebate forms here: www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4231/gst-hst-new-residential-rental-property-rebate.html

  • @ElevateRealtyCa
    @ElevateRealtyCa  8 วันที่ผ่านมา +1

    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!

  • @iqbalva-e8c
    @iqbalva-e8c 21 วันที่ผ่านมา

    Great video. Do this rebate apply if I don't have full time rental. I am renting on Airbb and VRBO.

    • @ElevateRealtyCa
      @ElevateRealtyCa  21 วันที่ผ่านมา

      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.

  • @zebrashid
    @zebrashid 2 วันที่ผ่านมา

    How long is it taking for HST rebate nowadays?

    • @ElevateRealtyCa
      @ElevateRealtyCa  2 วันที่ผ่านมา

      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

    • @zebrashid
      @zebrashid 2 วันที่ผ่านมา

      @ElevateRealtyCa so its taking 8months?! I thought it was taking 2 months to receive the credit.