The parliamentary budget officer says an eligible first-time homebuyer would save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal.

The GST rebate would be phased down as the price of the home approaches $1.5 million Author of the article: You can save this article by registering for free here. Or sign-in if you have an ...

New home GST rebate will cost $1.9B, PBO report says Carney's election promise is part of the government's plan to temper Canada's ongoing cost-of-living and affordability crisis ...

The original rules provide a 36-per-cent rebate on GST for new construction for any buyer – not just first-time buyers – on homes valued up to $350,000. Smaller rebates are available for homes ...

In cases where the GST portion of a new home sale is rolled into the mortgage principal, the typical owner could expect to save $240 per month on mortgage payments, she said. The savings are more ...

The Liberal government introduced legislation on June 5 to eliminate the GST portion from new home sales of up to $1 million ...

Bill C-4, the proposal to introduce a new GST rebate for first-time homebuyers, is expected to cost $1.9 billion over six years, according to estimates released Wednesday by the Parliamentary Budget ...

The GST rebate would be phased down as the price of the home approaches $1.5 million. Homes bought from May 27 through to 2031 can qualify for the rebate, as long as construction starts before ...