GST relief for first-time home buyers on new homes valued up to $1.5 million
Posted on
May 29, 2025
by
Holly Calderwood
To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on new homes between $1 million and $1.5 million.
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