🏠 Latest HST Update for Home Buyers in Ontario (March 2026).

anada’s new $50,000 GST rebate for first-time home buyers is officially law after Bill C-4 received Royal Assent on March 12, 2026. Ontariohousingmarket🎬 Key Points to Cover in Your Video1. The Federal Rebate — Now Official The legislation eliminates the 5% federal GST on qualifying newly built homes. First-time buyers purchasing newly constructed or substantially renovated homes priced at $1 million or less can recover the full federal GST — up to $50,000 on a $1 million home. Ontariohousingmarket2. Ontario’s Provincial Rebate — Proposed But Not Yet Law Ontario announced its intention to temporarily remove the full 8% provincial portion of the HST for eligible first-time buyers on qualifying new homes, which could provide up to $80,000 in provincial relief. Immigration News Canada However, remind viewers this Ontario portion has not yet passed legislation.3. The Combined Savings Potential — Up to $130,000 When combined, the proposed federal and provincial rebates would remove the full 13% HST for first-time home buyers on qualifying new homes in Ontario valued up to $1 million. Ontario Budget4. Who Qualifies (Eligibility) The buyer cannot have lived in a home that they or their spouse or common-law partner owned as a primary residence in the calendar year of the purchase or in any of the previous four calendar years. Each individual can claim the rebate only once in their lifetime, and the individual is not eligible if their spouse or common-law partner has already claimed it. Gowling WLG5. The Agreement Date Matters The buyer must have entered into the agreement of purchase and sale with the builder on or after May 27, 2025, and before 2031. The home must be used as their primary place of residence. Canada.ca6. The Phase-Out Range Homes valued up to $1 million qualify for the full rebate. Homes valued between $1 million and $1.5 million receive partial rebates on a sliding scale. Homes valued at $1.5 million or more do not qualify for the first-time buyer rebate. Immigration News Canada7. How to Claim — Important Process Note Home buyers must first pay the full HST-inclusive price of the home and then apply for the rebate after purchase. Once approved, the CRA and the provincial Ministry of Finance will issue the refund based on eligibility and home value. Immigration News Canada8. If You Already Closed Before Royal Assent Individuals who purchased their first homes on or after March 20, 2025, but before Royal Assent was granted, can apply for the rebate directly with the CRA using Form GST190. GTA Homes#OMAXERealEstateTeam, #MandeepToor, #MandeepToorRealtor, #Remax, #RemaxExcellenceRealEstate, #HSTRebate, #FirstTimeHomeBuyer, #NewHomeBuyer, #OntarioRealEstate, #BramptonRealEstate, #GTA, #HomeBuying2026, #RealEstate, #HousingAffordability, #NewBuilds, #HSTExemption, #HomeOwnership, #Investment, #DreamHome, #HouseHunting, #RealEstateGoals This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mandeeptoorrealtor.substack.com