HST Rebates Toronto @HSTRebatesTO
Anyone who buys a new-construction property for rental investments purposes is entitled to receive back up to $30K in HST Rebate. Find out how. hstrebatestoronto.com Toronto, Ontario Joined December 2016-
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Watch out for "Leaseback" agreements with the builder, as it relates to your HST Rebates. If you have a leaseback agreement in place with the builder, it is very likely that CRA will reject your HST Rebate application.
Gen X, Now is the time to go for it (whatever it is you want, i.e. start your own business) with all the confidence!
Gen X, Now is the time to go for it (whatever it is you want, i.e. start your own business) with all the confidence!
Make sure to take into consideration an HST Rebate ($20K-$28K) when buying an assignment for a newly-built property. You will be responsible for this money on top of closing expenses at the final closing of the property.
The top 10 Toronto developments on BuzzBuzzHome in January 2018 news.buzzbuzzhome.com/2018/02/top-to… via @BuzzBuzzHome
To claim HST New Residential Rental Property Rebate, you must have bought the property from a builder and have rented it out on a long-term residential lease. The tenants must be the first occupants of the place. If you move in first, you will be disqualified by CRA.
Condo prices will be going up. There is a shortage of inventory. Via #BuzBuzNews Canada: Amid record demand, GTA condo inventory hasn’t been this low in 20 years cb1.so/ojumfy
If buying a #pre-construction property for personal use with two people on Title, everyone has to live there afterwards. If only one person lives there and the other doesn't, you will be disqualified from #NewHousingRebate by CRA.
Make sure not to confuse HST Rebate with HST (13%) on the Net Sale Price of your pre-construction property. HST is included in the advertised sale price. HST Rebate is calculated separately.
It's now becoming a trend - when buying an assignment of a pre-construction condo, the builder will charge you the HST Rebate ($15K-$30K), even if you bought it for personal use.
If you bought a property from a builder for rental investment purposes, make sure to allocate $15K to $30K in extra closing costs for the HST Rebate for the final closing.
Bought a condo or a house from a builder and about to close it?If planning to rent it out, get more information about the #HSTRebate.
"Bubble" or not? Here is an interesting exchange in the press about this. via @BuzzBuzzHome mvnt.us/m331910
Brantford, ON-your next home destination? Average single home price there is $386,716. via #Mondaq mvnt.us/m328986
Another real estate market "bubble" report. Very interesting perspective, though, pretty speculative mvnt.us/m328256
$1 million Canadian only buys 140 square feet of luxury real estate in Monaco: goo.gl/BB6b4f via @BuzzBuzzHome
Want to know where are the new condo developments this Spring, check out this BuzzBuzzHome Report mvnt.us/m326523
February’s existing home sales across the GTA added up to more than $7 billion: ow.ly/aQNP309Eawt via @BuzzBuzzHome
I like the Snapchat and Facebook Live mentions as marketing tools, listed here: mvnt.us/m326348
This is a really good point to keep in mind for all the pple that spell doom and gloom for the condo market. mvnt.us/m325840
A nice idea for home decor, especially if you are not so much into big plants. mvnt.us/m325835
VeraSamuel @K3Jv3fmOu4HHWU
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