First-Time Home Buyer GST Rebate: How to Apply
Posted by Ray Yang on
Most first-time buyers hear about the GST rebate late—usually when the builder’s paperwork and the statement of adjustments land in their inbox and the numbers don’t match what they expected. A missing credit can cost you real money at closing. A double-counted credit can create an even worse surprise later if the CRA asks for it back.
The first-time home buyer GST rebate is a CRA program that can refund part of the GST built into the price of a qualifying new construction home, pre-construction purchase, or a home that was substantially renovated. Resale homes usually don’t qualify because GST isn’t charged the same way on most used residential sales.
This guide explains how the rebate works in real transactions, how to claim it step by step,…
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