Rebates

Basement Flooding Protection Subsidy Program

The city of Toronto offers various rebates for work completed on a property within the city.

Taken directly from the city of Toronto Website

Work that is eligible

A: Backwater valve

Eligible work:

  • Installation of backwater valve
  • Replacement of existing backwater valve
  • Installation of alarm for backwater valve

Available subsidy = 80% of the invoiced cost up to a maximum of $1,250 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

B: Sump pump

Eligible work:

  • Installation of sump pump
  • Replacement of existing sump pump
  • Installation of alarm for sump pump
  • Installation of back-up power for sump pump

Available subsidy = 80% of the invoiced cost up to a maximum of $1,750 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

C: Foundation drain (weeping tile) pipe severance and capping

Eligible work:

  • Disconnection of foundation drains (weeping tiles) from the City’s sewer system by severing and capping the underground sewer connection

Available subsidy = 80% of the invoiced cost up to a maximum of $400 including eligible labour, materials and taxes.

To learn more about how to apply for these rebates click HERE

HOME RENOVATION HST & PROPERTY TAX

As a  home owner undertaking a substantial renovation or new construction you are entitled to HST and Property Tax rebates. We work closely with a tax consulting firm that specializes in tax refunds called Access Rebates. Learn more about them HERE

1. HST Rebate – up to $16,080 rebate for substantial renovations to your home or for your custom built home.

2. Property Tax Rebate – up to 35% on your property tax bill if you did not live in your home for 3 months or longer while the home was being renovated or under construction.

Access Rebates will take care of the entire process, including gathering the required information, completing the Government applications, submitting the applications to the Government on your behalf and dealing with the Government for any requirements.

If you wish to receive more information immediately please email lynda@akrconsulting.com

FINANCING

South Park can help arrange financing for clients. If you’d like to learn more about this option please contact us at info@thebigfuture.com