NEWFOUNDLAND & LABRADOR RESIDENTIAL CONSTRUCTION REBATE
NEWFOUNDLAND & LABRADOR RESIDENTIAL CONSTRUCTION REBATE
As part of its COVID-19 economic recovery program, the government of Newfoundland & Labrador is offering a residential construction rebate. Through this program, you could save up to 25% on home renovation projects up to a maximum of $10,000.
We’re an eligible contractor, which means we can help you make improvements to your home with this program.
We’ve provided the basic details on the rebate program below. If you have further questions, please follow this link for a list of Frequently Asked Questions created by the Home Builders Association of Newfoundland & Labrador.
https://chbanl.ca/app/uploads/Frequently-Asked-Questions-3.pdf
Renovation Projects
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 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).
This $30 million program funding will come from the COVID-19 contingency fund approved through the House of Assembly on March 26, 2020.
