It is possible to find products and programs that offer cashback for builders in Ontario, but it requires a little research, as well as being fully informed of the pros and cons involved. Not all cashback opportunities are created equal, or come without strings.

The following cashback options for builders could offer potential savings:

• Loyalty programs when shopping for business: There are many different types of loyalty and rewards programs that would benefit builders in Ontario. Big box building stores do offer discounts and loyalty points for contractors, but at the end of the day they don’t really add up to much more than being able to save the sales tax off of one purchase every six months. In fact, the coffee loyalty program where you get every 10th cup of coffee for free is probably a lot more lucrative. The key to finding a truly substantial loyalty and rewards program is to look at the motivation behind that program. For example does the company just want you to continue shopping under their brand umbrella, or has the program been created to reward consumers for saving money? The best way to determine this is to look at the spend-to-reward ratio and what limitations are imposed on reward redemption. If the loyalty percentage amounts to less than 15% of what you spend and/or you can only spend your rewards for additional offerings from that brand, it is a sure sign that the company doesn’t value you as an individual consumer.
• Cashback from real estate: Cashback options from realtors, although hard to find, are available for purchasing only, never when selling. This type of cashback is known as ‘real estate commission rebate cashback’ and it is exactly as it sounds. A portion of the realtors commission will be given back to the purchaser after the sale is made. As mentioned it is hard to find because real estate agents willing to offer this incentive, and should you find one who will it is likely that you will be compromising parts of the services realtors provide.
• Cashback from financing: Although there is a financial product known as the cashback mortgage, this almost certainly only applies to resale home purchases. Upon finalizing a mortgage, a percentage of the mortgage is given back as a lump sum. Unfortunately, these mortgages come with a higher interest rate, and should you need to alter the terms of the mortgage costly penalty fees will be incurred, and the cashback may need to be repaid.

Shop2Save, an online consumer volume discount savings platform understands the challenges the average business consumer faces these days. Loyalty programs that don’t really pay, and savings offers that are too small to offer any real benefit. As such they created their platform in the pursuit of leveling out the economic playing field. For discount savings, they leverage the power of their vast member-base to get wholesale pricing usually only offered to big companies. For rewards, the return for simply shopping smarter can be up to as much as 45%. Further, rewards aren’t limited to physical purchases. Shop2Save members can also earn real cashback rewards dollars from arranging real estate transactions and financial products from Canada’s top names. This means cashback rewards without the strings!

Visit Shop2Save to see how shopping smarter can earn the best cashback for builders in Ontario.