04/10/2026
🏡 Major Tax Update for First-Time Home Buyers in Canada.
The new First-Time Home Buyers’ GST Rebate has officially received Royal Assent, and it could significantly reduce the cost of buying a new home.
Here’s what you need to know:
✔️ Up to $50,000 in GST savings
Eligible buyers can recover up to 100% of the federal GST on new homes priced up to $1M
✔️ Phased rebate for higher-value homes
Partial relief applies for homes between $1M and $1.5M, with no rebate above $1.5M
✔️ Applies to new builds only
This measure is designed to support housing supply and affordability, targeting newly constructed or substantially renovated homes
✔️ Now in effect
With Royal Assent granted, eligible buyers can now claim or receive the rebate through their builder or directly from the CRA
This is a significant opportunity for first-time buyers, but eligibility rules, timing, and proper structuring are key.
At IPG Parker Russell, we help clients navigate new tax measures and ensure they maximize available benefits.
📩 Contact us to understand how this impacts your situation.
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