If you’re planning a major renovation, there may be an exciting opportunity to recover a significant portion of the GST/HST paid on your project.
With the newly announced GST/HST rebate changes, some homeowners could qualify for up to $130K in savings on eligible new homes, owner-built homes, and substantial renovations.
The federal GST/HST New Housing Rebate can apply in certain cases involving new homes, owner-built homes, and homes that are substantially renovated. For many homeowners, the most relevant category is a substantial renovation, especially when the project involves a major transformation of the existing home.
Under CRA rules, “substantial renovation” has a specific meaning. In general, it refers to a project where all or substantially all of the interior of the existing home is removed or replaced, subject to the CRA’s criteria and exclusions.
A major renovation is already an investment in comfort, function, and long-term value. If there’s an opportunity to recover a portion of the GST/HST paid through an available rebate, it makes sense to look into it sooner rather than later.
When you’re planning a substantial investment in your home, a conversation with Riverside Construction can help you make more informed decisions and capture rebate opportunities.
What Types of Renovations Are We Talking About?
If you’re planning a larger renovation, it’s worth asking whether your project should be reviewed from a GST/HST rebate standpoint.
Potential qualifying renovations include:
- A major whole-home renovation
- A significant interior transformation
- Extensive removal and replacement of existing interior spaces
- A project that goes far beyond cosmetic upgrades
- A renovation that may meet the CRA definition of a substantial renovation
A renovation can be major from a design, cost, and lifestyle perspective, but the CRA uses specific criteria to determine rebate eligibility. That’s why early planning to accommodate these standards can pay-off.
Working With Riverside Construction
We work with homeowners who care about quality, communication, and long-term value. They want the finished space to look exceptional, and they want the experience getting there to be as predictable and stress-free as possible.
That’s what when you work with Riverside Construction, you can expect:
- An in-person meeting to discuss your vision, budget, and timeline
- A clearly defined plan before construction begins
- Thoughtful estimating and guidance on materials and fittings
- Professional project management and coordination
- Secure online access to your project through Co Construct
- Clear communication throughout the process
- Proper permits, scheduling, and coordination before construction starts
- Dust protection, floor protection, and a clean, organized site
- Regular progress reviews and walkthroughs
- Quality craftsmanship backed by an exclusive 3-year warranty
FAQ
Does my renovation qualify for GST/HST savings?
It could, depending on the type and extent of the work. Some major renovation projects may fall into categories covered under CRA rules, including substantially renovated homes. The best way to start is to review your project scope early.
How much could homeowners save?
Some eligible projects could qualify for up to $130K in GST/HST savings, depending on the current rebate rules and the details of the project. Final eligibility should always be confirmed using current government guidance and, where needed, professional tax advice.
What does “substantial renovation” mean?
In general, it refers to a project where all or substantially all of the interior of the home is removed or replaced, based on CRA criteria. It’s a technical definition, so it’s worth reviewing if you’re planning a major renovation.
Should I look into this before construction starts?
Yes. The earlier you ask, the better. Reviewing the opportunity during the planning stage can help clarify scope, documentation, and next steps before construction begins.
Can Riverside Construction help me understand whether my renovation is worth looking into?
Absolutely. We can walk through your plans, help define the scope of your renovation, and let you know whether it makes sense to explore the rebate further. Final eligibility should always be confirmed using current government guidance and, where needed, professional tax advice.
Thinking About Renovating? Let’s Talk.
If you’re considering a major renovation, now is a great time to explore what may be possible.
Whether you’re planning a kitchen, bathroom, basement, addition, or a larger whole-home transformation, Riverside Construction can help you create a home that feels more functional, more refined, and better suited to the way your family lives.
Contact Riverside Construction today to start the conversation and see how your major renovation could qualify for these exciting new rebates.