Editorial Expires Oct 17, 2026 Posted Sep 17, 2026

The federal government's First-Time Home Buyer GST Rebate eliminates the 5% Goods and Services Tax (GST) on newly constructed homes priced up to $1 million, scaling down partially for homes priced between $1 million and $1.5 million. For an eligible $1,000,000 new build, this eliminates up to $50,000 in upfront tax liabilities.
When strategically combined with registered account programs—the First Home Savings Account (FHSA) and the expanded Home Buyers' Plan (HBP)—first-time buyers can stack tax-deductible contributions, tax-free withdrawals, and direct cost eliminations to significantly reduce closing costs and boost down payments.Stacking the Federal Incentives: Quick Breakdown


Program / Incentive
Annual / Lifetime Limit
Key Mechanics & Benefits
Upfront Savings Impact




New-Build GST Exemption
Up to $50,000 (Full exemption

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