Residential Construction Rebate Program Launched in Newfoundland
The Residential Construction Rebate Program will allow homeowners to save money on construction and renovation projects, while also helping to stimulate the economy and employment in the province’s construction industry.
HPBA Canada has clarified that new installations as well as retrofits of both solid-fuel and gas hearth appliances are eligible for rebate as part of this program.
This program applies to projects contracted between June 8 and August 7, 2020 and started on or after June 8, 2020, with work substantially completed by March 31, 2021.
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Renovation Projects
A 25 per cent rebate is available for renovation projects for principal residences, up to a maximum rebate of $10,000 (based on a $40,000 project).
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 March 31, 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).
For further information about this program or questions, please contact:
Canadian Home Builders’ Association NL
48 Welland Street
St. John’s, NL A1E 6C1
T: 709-753-2000
TF: 1-800-265-2800
admin@chbanl.ca
www.chba.ca
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