Maximizing Your Home Renovation Savings: The Ontario Substantial Renovation Rebate

If you’re planning a full home renovation, there’s a valuable opportunity you should know about—the Ontario Substantial Renovation Rebate. This government initiative allows homeowners to claim a full tax rebate on the GST and HST spent on substantial renovations. Here’s how it works and how you can benefit.

What is the Substantial Renovation Rebate?

The rebate is designed for homeowners who are renovating at least 90% of their main residence. This rebate could save you a significant amount of money, especially since renovation projects often come with hefty price tags. For example, if you’re remodeling a 1,000 square foot home, you’d need to renovate at least 900 square feet to qualify.

Eligibility Requirements

• 90% Rule: You need to renovate at least 90% of your home, based on square footage.
• What Counts: Renovations must involve the removal or replacement of existing structures. Simple repairs or additions won’t qualify.
• Exclusions: Certain elements like flooring and structural components are excluded from this requirement, meaning you don’t need to replace them to qualify for the rebate.

Can New Builds Benefit?

Yes, this rebate can also apply to new builds. So, if you’re starting fresh or considering a complete overhaul of your current residence, you can still take advantage of this program.

Let Us Help

Navigating government rebates can be complicated, but we’re here to guide you through the process. If you’re planning a full home renovation or new build, contact us today. We’re familiar with the substantial renovation rebate and can help ensure you get the maximum savings on your project. Don’t miss out on this opportunity—let us handle the details so you can focus on your dream home!