As of May 27, 2025, the federal government introduced a new First-Time Home Buyers’ GST Rebate, and it could save you up to $50,000 when purchasing a newly built home.

You are qualified if you are a Canadian Citizen or PR first-time home. You enjoy a rebate for a $1 million to $1.5 million new home.

What Types of Homes Are Eligible?

You can qualify in several situations:

✔ Buying from a builder

If you purchase a brand-new home and will be the first person to live in it

✔ Building your own home

GST paid on construction costs may be eligible

✔ Co-op housing

Some co-operative housing purchases may also qualify

Important Deadlines

To be eligible:

• Your purchase agreement must be signed between May 27, 2025 and 2031
• If building:
  • Construction must start before 2031
  • Home must be completed by 2036

Missing these timelines = no rebate

Key Restrictions to Know

• You can only claim this rebate once in your lifetime
• If your spouse already used it → you cannot claim it again
• Assignment sales from older contracts (before May 27, 2025) do not qualify

The government is also watching for people trying to “game” the system by cancelling and re-signing contracts.

How This Works at Closing (Important)

In many cases, the builder may apply the rebate directly, reducing what you pay on completion.

But here’s the catch:

• If applied incorrectly, the builder can be liable
• That means strict verification is required

This is where having the right legal professional matters.

We offer notary services for:

• Confirm whether you qualify before you commit
• Review your contract to ensure the rebate is properly structured
• Make sure everything is correctly applied at closing
• Help you avoid costly mistakes or reassessments later.

The rebate is not automatic applied. Home Buyers must apply online or through a notary mail-in application. It is usually faster to apply online on your MYCRA account. The Statement of accounts (statement of adjustment) must be uploaded to your MYCRA account.

If you’re buying a new home (or thinking about it), it’s worth reviewing your situation early to make sure you don’t miss out.

Have any questions or need assistance? Contact KC Notary & Co. today to schedule a consultation. Let KC Notary & Co. simplify the legal side, so you can enjoy the exciting moments stress-free!