The deadline for the completion of construction under the Residential Construction Rebate program has been extended to September 30, 2021.
Government received approximately 12,000 applications for the residential rebate program and rebate payments have been made for those who qualify and have had construction work completed. The extension for the completion of construction will allow previously approved applicants to complete their planned renovations in a timely manner.
The deadline for applications is closed and the deadline for submission of payment forms is extended to November 30, 2021.
Inquiries about previously approved applications may be sent to email@example.com.
The Honorable Tom Osborne, Minister of Finance and President of Treasury Board, announced a new Residential Construction Rebate Program that will allow homeowners to save money on construction and renovations, while also helping to stimulate the economy and employment in the province’s construction industry.
Homeowners can qualify for the Residential Construction Rebate in one of two ways:
25% rebate on home renovation projects, up to a maximum rebate of $10,000, for principal residences, for eligible home renovation projects. Total project costs must exceed $1,000 (before HST).
New Home Construction
A rebate of $10,000 is available for new home construction on homes valued up to $350,000 before HST.
The rebate will apply to work on a primary residence contracted within a 60-day period from the start of COVID-19 Alert Level 3, and the project must be substantially complete by June 30, 2021. To qualify, homeowners must use an eligible contractor, which includes those who have general liability insurance and are registered (i.e., HST registered, valid Business Number or Workers Compensation registered).
This $30 million program funding will come from the COVID-19 contingency fund approved through the House of Assembly on March 26, 2020. It is estimated that this program will contribute to economic growth, incomes and employment.
The Department of Finance, via the Canadian Home Builders Association, will begin accepting applications for the Residential Construction Rebate Program beginning on June 8, 2020.