GST Refund: First-Time Home Buyers Can Apply

GST Refund: First-Time Home Buyers Can Apply

First-time buyers of a new home can now apply for a GST refund through the Canada Revenue Agency. This applies to new homes, constructions on owned or leased land, shares in a cooperative, and major renovations (where 90% of the living space is replaced).

To be eligible, applicants must:

• Never have owned or lived in a home owned by themselves or their spouse in the current or previous four calendar years.
• Make the home their principal residence.
• Submit only one application per person in their lifetime.

The refund covers 100% of the GST for homes up to $1 million, gradually decreasing up to $1.5 million, with a maximum refund of $50,000.

Applications are submitted via the online form of Revenu Québec. Note: contracts signed before March 20, 2025, but canceled after that date may be denied.

More details are available on the Protégez-vous website.