Good news for first-time home buyers in Canada! As of March 26, 2026, the federal government has officially passed into law the new First-Time Home Buyers’ GST/HST Rebate.
What this means:
• First-time buyers can receive a full rebate of the federal GST on new homes valued up to $1 million
• A partial rebate applies to homes priced between $1 million and $1.5 million
• Potential savings of up to $50,000 in GST
The rebate applies to newly constructed or substantially renovated homes intended to be your primary residence.
If you’re purchasing a new build, reviewing a contract, or planning ahead, understanding how GST applies can make a significant difference to your closing costs.