If you haven’t owned a home in the last 4 years, you could qualify for a full GST rebate.
The First-Time Home Buyer GST Rebate helps young Canadians save up to $50,000 when purchasing a newly built home.
This federal incentive is designed to:
- Reduce your upfront costs
- Encourage affordable new home ownership
- Promote home construction across the country
Bonus: Combine this with the GST/HST New Housing Rebate for a full tax refund on homes under $1M.
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You're likely eligible if:
- You’re buying a new build home
- You’re building your own home (or hiring someone to)
- You’ve purchased shares in a co-op housing project
- Neither you nor your spouse has owned a home in the past 4 years
It’s surprisingly easy to qualify!