HST rebate for Substantial Renovation
I will soon be moving into my "new" home that has undergone a substantial renovation: All walls were gutted down to the studs, some walls removed, new ones added, entire kitchen and all bathrooms removed and replaced, all new appliances, all new windows, new hot water tank, removed attic insulation and replaced it with new, replaced wood fireplace with electric. This renovation seems to meet CRA's definition of "substantial" and I should be able to apply for the GST/HST new housing rebate. I am finding their website confusing though and need some help identifying exactly which forms to fill in. The house is in Ontario and land+house value will be over the $450k they identify to qualify for the GST portion (from what I understand).
Can anyone confirm if this is all I need to do?
1. Get an appraiser to assess the market value of the house + land.
2. Fill in this Construction Summary Worksheet (Would be fairly straightforward as understand that all expenses invoiced by contractor can be entered on the same row and don't need to break down by type - ie. drywall done by contractor goes on same row as flooring done by contractor)
3. Fill in this GST191 Ontario Rebate Schedule
4. Fill in this [url=file:///C:/Users/happy/Downloads/gst191-19e%20(1).pdf]GST/HST New Housing Rebate Application for Owner-Built Houses[/url] (Understanding that I don't qualify for this portion of the rebate)
Do I send supporting documentation (eg. invoices/receipts, drawings, anything else) along with the application or only if requested for audit? Any suggestions on what I need to do to ensure this is processed in a timely manner and will be successful?
Can anyone confirm if this is all I need to do?
1. Get an appraiser to assess the market value of the house + land.
2. Fill in this Construction Summary Worksheet (Would be fairly straightforward as understand that all expenses invoiced by contractor can be entered on the same row and don't need to break down by type - ie. drywall done by contractor goes on same row as flooring done by contractor)
3. Fill in this GST191 Ontario Rebate Schedule
4. Fill in this [url=file:///C:/Users/happy/Downloads/gst191-19e%20(1).pdf]GST/HST New Housing Rebate Application for Owner-Built Houses[/url] (Understanding that I don't qualify for this portion of the rebate)
Do I send supporting documentation (eg. invoices/receipts, drawings, anything else) along with the application or only if requested for audit? Any suggestions on what I need to do to ensure this is processed in a timely manner and will be successful?
