07/02/2025
NEW GST Relief for First-Time Home Buyers: What you need to know.
On May 27, 2025, the federal government introduced a new initiative called the First-Time Home Buyers’ GST Rebate. This rebate is designed to help first-time home buyers by providing relief of up to $50,000 in federal GST (or HST) on their purchase of a new home. The government anticipates this measure will provide approximately $3.9 billion in tax relief over five years starting in 2025. This initiative is part of Canada’s broader efforts to improve housing affordability, particularly for young Canadians and families entering the housing market for the first time.
For more information please visit our website for our full blog post at https://www.milestonerealestatelawyers.ca/2025/07/02/new-gst-relief-first-time-home-buyers/
*This post is provided for informational purposes only and does not constitute legal advice. Readers should seek independent legal advice regarding their specific situation.
On May 27, 2025, the federal government introduced a new initiative called the First-Time Home Buyers’ GST Rebate. This rebate is designed to help first-time home buyers by providing relief of up to $50,000 in federal GST (or HST) on their purchase of a new home. The government anticipates this me...