March 19, 2026
Announced last spring by the federal government, the bill received Royal Assent last week and eliminates “the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on new homes between $1 million and $1.5 million.” The Canada Revenue Agency will now be able to start processing rebate claims.
Please note that the rebate will generally apply to agreements of purchase and sale entered into on or after March 20, 2025, and before 2031.
Read more here.
