Housing & Real Estate: First-Time Homebuyers GST Exemption Implementation

The federal government's First-Time Home Buyer GST Rebate eliminates the 5% Goods and Services Tax (GST) on newly constructed homes priced up to $1 million, scaling down partially for homes priced between $1 million and $1.5 million. For an eligible $1,000,000 new build, this eliminates up to $50,000 in upfront tax liabilities. When strategically combined with registered account programs—the First Home Savings Account (FHSA) and the expanded Home Buyers' Plan (HBP)—first-time buyers can stack t