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What you should know when applying for a rebate

Written by Ryan Crawford on . Posted in NASWE

When buying a new house, or building one from zero, it is impossible not to get frustrated or stressed with all the fuss that is going on around you. This stress is even amplified when you see the list, which contains all your expenses that occurred in this process.  However, in five of the ten Canadian provinces for instance, you can apply for tax rebate or for HST refund and the government will reimburse you a certain amount of money, in order to help you reduce the costs of your new house. If you are interested in finding more information about HST in Ontario, you can do a quick research online, or you can access some specialised forums in order to ask for other people’s opinions. Sometimes the process of refunding can be tricky, because you might not know exactly what papers you need to fill, or where to go with them, or how to get access to the amount of money you deserve. Some businesspersons saw the opportunity in this and decided to found agencies that could help people get the right rebate.

Why choose professionals in a rebate process?

If you want to apply for a rebate, you should opt for hiring some professionals in order to make sure you do all the right moves to obtain what you deserve. Some companies have specialised in this domain and provide consultation regarding the rebate process and everything that implies it. The personnel from these companies should be well trained and should have vast knowledge of this program and its legislation, so you should only look for the best. Although you have an idea about how this process works, you should bear in mind that these specialised persons have encountered themselves in all kinds of challenging situations, so experience is a plus in this case.

What are the terms and conditions to receive the rebate?

If you decided that you want to apply for a HST rebate program, you should know that there are certain terms and conditions that you have to achieve in order to receive the refund. Firstly, your house must be your principal residence, or of a member of your family. Secondly, you have to prove that the building has been built or renovated only in the past two years. Moreover, the modifications of your house should be visible, in the sense that you either built a house from scratches, or built an additional space that doubles the initial size of your house. All these criteria should be attained for you to get the proper refund. You should know that this program was implemented only two years ago, so you should act quickly and take advantage of it before it is too late. The first step you have to take is calling a specialist and establish a meeting with him. In this way, you can be sure that you will make everything by the book, not to mention the fact that will get your money within weeks. All you have to do is get in touch with a specialist and start this process.