Home Buyer Tax Credits and Rebates

The cost of energy is not getting cheaper and likely will be taking a larger part of your paycheck in the near future. Did you know that there are many rebates available that can save you thousands of dollars, reduce your energy costs and support home renovations? Now is the time to take a good look at your furnace, insulation and other renovations you have been putting on the back burner. You shouldn’t pass up the variety of grants that may be available to you and yours. 

See what you qualify for on the following websites. There are money saving options to take advantage of and a good selection of municipal, provincial and federal programs that you may qualify for, regardless of your situation.

Below are links to sites which will provide further details on various programs as well as the process to apply for them:

Union Gas Home Reno Rebate: Program in partnership with the Government of Ontario is offering rebates if you are planning on renovating or upgrades to your home in the near future. You could be eligible for up to $5,000 in renovation rebates plus additional electric appliance rebates.

• You do need to be in an area that is serviced by Union Gas, and by entering your postal code, they can determine if you meet that criteria. They will list some certified energy advisors to contact for more details.
• These rebates are for heating, insulation, water heater, appliances, central air and more.
• You are required to complete an energy assessment prior to renovations and once completed. You are also required to do at least two eligible renovations.

For more details, check the link above to see if your area qualifies for these rebates as well as the 4 step process outlined on their website.

There are other rebate and grant programs available that help in various ways depending on your circumstances.  Show Me The Green covers 82 Ontario home improvement grants, rebates, tax credits, and down payment assistance, including Ontario window rebates, new furnace rebates, insulation rebates, toilet rebates, and much more! Everything from First Time Buyers grants to Senior homeowners grants. Definitely worth reviewing.

The Canada Mortgage and Housing Corporationis a helpful resource for home buyers and homeowners.

*Remember to always review and wait for approval of the program, before you start the renovation. 

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