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GI🇨🇦 Canada’s $50,000 GST Rebate for First-Time Home Buyers just cleared the Senate
This new proposal could significantly reduce the upfront cost of buying a new construction home in Canada.
Key highlights:
• Up to $50,000 in federal GST relief on newly built homes
• Full rebate on homes priced up to $1M
• Phases out between $1M – $1.5M
• Applies to agreements signed after March 19, 2025
Bill C-4 now returns to the House of Commons for Royal Assent.
If passed, this could make new construction more affordable for first-time buyers by lowering closing costs.
⚠️ Important:
This program applies only to new construction homes, not resale properties.
Source: Parliament of Canada
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