03/16/2026
🚨 BIG NEWS FOR FIRST-TIME HOME BUYERS IN CANADA 🚨
Bill C-4 just received Royal Assent on March 12, 2026 — and it could save you up to $50,000 on your new home. Here's everything you need to know 👇
💸 THE GST REBATE BREAKDOWN
Eligible first-time buyers can now recover the 5% federal GST on qualifying newly built homes:
🏠 $500K home → $25,000 back
🏠 $750K home → $37,500 back
🏠 $1M home → $50,000 back
Homes up to $1M get the full rebate. Between $1M–$1.5M? You get a partial rebate on a sliding scale. Over $1.5M? Fully phased out.
✅ DO YOU QUALIFY?
First-time buyer (no principal residence in the past 4 years)
18+ and a Canadian citizen or permanent resident
The home must be your primary residence
Buying with a partner? Both of you must qualify
Purchase agreement signed on or after March 20, 2025
New construction or substantially renovated homes ONLY — not resale
📋 HOW TO APPLY
Pay the full GST/HST to your builder at closing, then apply directly to the CRA after closing using Form GST190. (Note: the form isn't available yet, but the CRA is expected to release it soon!)
⏳ This program runs until 2030 — so don't sleep on it.
🇨🇦 ONTARIO BUYERS — STACK YOUR SAVINGS!
If Ontario passes its proposed expanded HST rebate, you could save up to $130,000 combined. Stay tuned!
📌 Source: Government of Canada
💬 Drop your questions below or DM me to find out if you qualify! Don't forget to share this with anyone buying a new home this year 🙌
