The parliamentary budget officer says an eligible first-time homebuyer would save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal.

The Liberal government introduced legislation on June 5 to eliminate the GST portion from new home sales of up to $1 million ...

The debate on applying the GST to new homes was evident in some of the original briefings on the sales tax in 1989. At the time, any buyer paying less than $300,000 got a GST rebate, when the ...

How much home buyers will benefit from the GST reduction announced in last week's federal budget depends on when their deal closes, and whether the price qualifies the buyer for all or part of the ...

For properties valued at or below $350,000, the rebate is 36% of the total GST paid, to a maximum of $6,300. The maximum rebate is phased out linearly for homes valued between $350,000 and $450,000.

How much will you receive via the GST/HST rebate? For the payment period from July 2024 to June 2025, single Canadians could receive up to $519 annually ($129.75 quarterly), while couples could ...

An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary ...

The GST rebate would be phased down as the price of the home approaches $1.5 million. Article content Homes bought from May 27 through to 2031 can qualify for the rebate, as long as construction ...