The FTHB GST/HST rebate is for eligible individuals who are buying, building or substantially renovating their first home.
This first home must be:
Newly built or substantially renovated
For use as the individual's primary place of residence
Depending on the value of the home, the individual could recover up to 100% of the GST (or federal portion of the HST) paid, up to $50,000.
For new homes valued:
At or below $1 million, the rebate is up to 100% (up to a maximum rebate of $50,000)
Between $1 million and $1.5 million, the maximum rebate is gradually reduced
At or above $1.5 million, there is no rebate
Eligibility for the existing GST/HST new housing rebate
You may be eligible for a new housing rebate for some of the GST/HST paid if you are an individual who:
purchased new or substantially renovated housing from a builder, including housing on leased land (if the lease is for at least 20 years or gives you the option to buy the land) for use as your (or your relation’s) primary place of residence
purchased shares in a co-operative housing corporation (co-op) for the purpose of using a unit in a new or substantially renovated cooperative housing complex for use as your (or your relation’s) primary place of residence
constructed or substantially renovated your own home or hired someone else to construct or substantially renovate your home for use as your (or your relation’s) primary place of residence, if the fair market value of the house when the construction is substantially completed is less than $450,000
If you are an individual who purchased a new or substantially renovated mobile home (including a modular home) or a new or substantially renovated floating home for use as your (or your relation’s) primary place of residence, you may be eligible for a new housing rebate for some of the GST/HST paid. In addition, for the purpose of claiming the GST/HST new housing rebate, you may have the option to treat the home as being purchased from a builder or as being an owner-built house.
For more information, see Guide RC4028, GST/HST New Housing Rebate.
If you are a first-time home buyer, you may be eligible for the proposed First-time home buyers’ GST/HST rebate.
GST/HST new housing rebates you can claim
The GST/HST new housing rebate allows an individual to recover some of the GST or the federal part of the HST paid for a new or substantially renovated house that is for use as the individual's, or their relation's, primary place of residence, when all of the other conditions are met. In addition, other provincial new housing rebates may be available for the provincial part of the HST whether or not the GST/HST new housing rebate for the federal part of the HST is available.
The GST/HST new housing rebate is not available to a corporation or a partnership.
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