03/26/2026
🏠 BIG NEWS for First-Time Home Buyers in Canada! 🇨🇦
A game-changing federal tax rebate has just officially become law! If you're looking to buy your first home, you could save up to $50,000 in GST.
Here is the breakdown of the new First-Time Home Buyers' GST/HST Rebate:
* 100% GST Rebate: The 5% federal GST is fully eliminated on newly built homes priced up to $1 million.
* Partial Rebate: For new homes priced between $1 million and $1.5 million, the rebate is reduced on a sliding scale.
* Maximum Savings: Eligible buyers can get back up to $50,000 on their purchase.
Who Qualifies? ✅
* You must be a first-time home buyer (haven't owned a home in the last 4 years).
* The home must be a new build or a substantially renovated property.
* The property must be used as your primary residence.
* Applies to purchase agreements signed on or after March 20, 2025.
Wait, There's More! 🌟
If you are buying in Ontario, the provincial government has also announced plans to expand this into a full 13% HST rebate for a limited time (April 1, 2026 – March 31, 2027), potentially saving you up to $130,000!
The [Canada Revenue Agency (CRA)](https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/gst-hst-rebates/first-time-home-buyers-gst-hst-rebate/what-rebate.html) is now accepting applications.
Tag a friend who is dreaming of their first home! 👇
Would you like to see a comparison of how much you could save on a specific home price?
