GST Rebate on New Homes

GST of 5% is required to be paid on the purchase of new homes. First time home buyers can be eligible for the GST rebate:

To be eligible for GST rebate:

  • The purchase price of the existing home is $350,000 or less.
  • There is a proportional GST rebate for homes priced between $350,000 and $450,000

Then you receive:

  • 36% of your GST back 
  • The maximum rebate you can receive is $6,300