Ontario proposes to rebate HST for some first-time homebuyers

Looking to buy your first home? Ontario government proposes thousands in tax relief for some first-time buyers

The Ontario government is proposing to help first-time homebuyers by lowering costs with a sales tax rebate it says could save up to $130,000, when combined with other provincial and federal saving initiatives.

TRREB Applauds Ontario's New HST Rebate for First-Time Homebuyers

TRREB has been among the strongest supporters of HST relief for new homebuyers and has called for this relief with partners in an Ontario Housing Coalition of builders, REALTORS®, business groups, trade associations, not-for-profit organizations, and rental providers. TRREB's 2024 Fair Taxes on Ontario Homes report also highlighted the need to lower the HST on new housing to save homebuyers tens of thousands of dollars in taxes. With homeownersh…

Ontario to remove eight per cent provincial portion of HST for first-time buyers

The proposal — which will be included in the Nov. 6 fall economic statement — could save first-time homebuyers up to $80,000.

Ontario plans to rebate provincial portion of HST for first-time homebuyers. Here’s how much you could save

Combined with the federal portion of five per cent, homebuyers could receive a tax rebate of 13 per cent on qualifying newly built and substantially renovated homes valued at up to $1 million.

Provincial portion of HST to be waived for some first-time homebuyers

The provincial government says the move would not only help first-time buyers, but also spur construction of new homes.

Ontario proposes temporary HST rebate on new-build homes for first-time homebuyers

The policy is contingent on the federal government passing its bill doing the same thing