US EditionQuebec Offers First-Time Buyers Up to $5,875 Welcome Tax Credit
The refundable credit will average about $3,700 for 38,000 households and is framed as the government’s first affordability step.
- Quebec Premier Christine Fréchette announced a new refundable tax credit of up to $5,875 for first-time homebuyers, reimbursing the municipal "welcome tax" on property purchases.
- Designed to address affordability, the measure applies retroactively to January 1, 2026, helping younger generations as property prices have doubled in barely 10 years across the province.
- Eligible Quebecers receive a full rebate on the first $5,000 of transfer duties plus 25 per cent of any remaining amount, up to $875, provided they have not owned a home within the past four years.
- Roughly 38,000 households will benefit annually at a cost of more than $140 million, though the credit is gradually reduced for homes valued above $750,000 and phased out entirely at $1 million.
- Prior to the announcement, the premier visited federal counterpart Mark Carney in Ottawa, while the government intends to make announcements soon about increasing affordable housing construction across the province.
12 Articles
12 Articles
The government will cover up to $5,875, and the measure is retroactive to January 1.
Fréchette confirms first-time buyers' welcome tax refund
Quebec Premier Christine Fréchette confirmed that the government will reimburse the welcome tax for first-time buyers, up to a maximum amount of $5,875, at a press conference Friday afternoon in Laval. More concretely, the first $5000 will be fully reimbursed. The refundable tax credit will be 25 per cent thereafter for an additional $875. To […]
The first purchasers of a home will receive a tax credit that will reimburse property transfer fees up to a maximum of $5,875.
Quebec will refund a "significant share" of the property transfer tax (the "welcome tax") for new buyers, up to $5,875 and in the form of a refundable tax credit.
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