Up To $130,000 In New Home HST Relief
Jas helps identify how HST, a potential rebate and any builder credit are treated in the purchase agreement.
BUYER SAVINGS AND COSTS
Rebates, Tax Benefits And Closing Costs
See purchase rebates, tax credits, tax sheltered home savings and closing costs separated by purpose and monetary value.
PROPERTY SPECIFIC SUPPORT
What This Buyer Service Covers
Purchase rebates, income tax credits and registered savings tools are fundamentally different. Jas identifies which category each benefit belongs to, the maximum amount, the property and timing information that matters, and where it affects the transaction or tax return.
FROM OPPORTUNITY TO CLOSING
Representation That Adds Value At Every Stage
Purchase Rebates
Eligible first-time buyers may receive up to $4,000 from Ontario and a separate municipal rebate of up to $4,475 for a qualifying Toronto purchase.
Federal Home Buyers’ Amount
Eligible buyers may claim up to $10,000, generally reducing federal income tax by up to $1,400 for the 2026 tax year, subject to eligibility and sufficient federal tax payable.
Registered Home Savings
An FHSA and eligible RRSP withdrawals through the Home Buyers’ Plan can help fund a purchase.
THE DETAILS THAT MATTER
Property, Documents, Timing And Strategy
The work changes with the opportunity. These are the property specific details Jas can investigate, compare and coordinate for this type of purchase.
Transaction Tax Refunds And Rebates
Eligible rebates can reduce tax connected to the purchase.
- Eligible first-time buyers may receive up to $4,000 from Ontario and a separate municipal rebate of up to $4,475 for a qualifying Toronto purchase.
- First-time buyer, occupancy and ownership requirements apply.
Income Tax And Registered Funds
An income tax credit works differently from funds you use for the purchase.
- Eligible buyers may claim up to $10,000, generally reducing federal income tax by up to $1,400 for the 2026 tax year, subject to eligibility and sufficient federal tax payable.
- The First Home Savings Account (FHSA) generally provides $8,000 in new participation room annually from the year you open your first account, up to a $40,000 lifetime limit. A qualifying withdrawal is tax-free.
- Eligible buyers may withdraw up to $60,000 from their RRSPs through the Home Buyers’ Plan and generally repay it over 15 years. For a first withdrawal from 2022 through 2028, repayments generally begin in the fifth year after the withdrawal year. You can use both an FHSA and the Home Buyers’ Plan for the same qualifying home if you meet both programs’ rules.
New Home HST Relief
Availability and treatment depend on the buyer, property and agreement.
- Ontario’s temporary relief generally applies to eligible builder agreements signed April 1, 2026 through March 31, 2027, with construction generally starting by December 31, 2028 and substantial completion by December 31, 2031. Other eligibility rules apply. It can cover the full 13% HST on eligible homes up to $1 million, provide $130,000 above $1 million through $1.5 million, and provide partial relief above $1.5 million and below $1.85 million. At $1.85 million or more, the existing Ontario rebate of up to $24,000 may still apply.
- The separate federal first-time buyer rebate generally applies to eligible builder agreements signed March 20, 2025 through December 31, 2030. It can cover the federal portion up to $50,000 on a qualifying first home valued up to $1 million, with relief tapering to zero at $1.5 million. For builder purchases, construction generally must start before 2031, with substantial completion and transfer before 2036. The home must be your primary residence. Ontario’s separate first-time buyer rebate can cover up to $80,000 of the provincial portion for qualifying buyers under these rules.
- The temporary package combines up to $80,000 in provincial relief with relief on the federal portion of up to $50,000. Ontario reduces its affordability top-up by any federal housing rebates you’re entitled to, including the federal first-time buyer rebate. If both Ontario rebates apply, combined provincial relief cannot exceed $80,000 or the provincial HST payable, whichever is less. Check whether the builder credits the rebate or you need to apply separately.
BUYER COST BREAKDOWN
What You Can Expect To Pay Beyond The Price
Costs are separated by purpose and timing, with eligible rebates shown as savings rather than mixed into the expenses.
Deposit And Down Payment
The offer deposit, remaining down payment and transfer dates are shown separately so the funds due with the offer and at closing are clear.
Land Transfer Taxes
Ontario land transfer tax and, for Toronto properties, municipal land transfer tax are estimated with eligible first time buyer rebates applied.
Closing And Title Costs
Closing fees, title insurance, registrations and disbursements are included in the amount expected at closing.
Inspection And Property Information
General inspections, useful specialist inspections, status certificate charges and available survey or property record costs are identified for the home type.
Financing Costs
Appraisal, mortgage insurance when applicable, interest adjustments and lender related charges are included.
Closing Adjustments
Property tax, utilities, fuel, prepaid expenses, rent and other agreement adjustments are estimated before closing.
Move In Costs
Insurance, moving, utility setup and known immediate property work are separated from the transaction costs.
COORDINATED FOR YOU
The Work Behind A Strong Purchase
These details are tracked, requested or coordinated when they apply to the property, so you can focus on the decision instead of chasing documents and deadlines.
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Buyer profile and intended property use
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Property location and purchase price
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Resale or new construction
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Agreement and construction dates
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Ontario and Toronto land transfer taxes and applicable rebates
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FHSA and Home Buyers’ Plan
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New home HST treatment
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Cash required at closing
COMMON QUESTIONS
Answers For This Property Type
Open a question for the practical details buyers ask about most.
Which benefits can be combined?
Depending on eligibility and the property, an FHSA, Home Buyers’ Plan withdrawal, Home Buyers’ Amount, Ontario and Toronto land transfer tax rebates and eligible new home HST relief may all be relevant to the same purchase. Jas separates where each amount applies and reflects the transaction rebates in the closing estimate.
How is new home HST handled?
Jas helps identify how the agreement treats HST and any rebate or credit. Your legal and tax professionals can confirm the treatment for your purchase.
What costs are shown before an offer?
The estimate can include the deposit, down payment, land transfer taxes, closing and title costs, inspection, appraisal, lender costs, property adjustments, condominium or builder charges and moving costs, with applicable rebates shown separately.
BUYER SAVINGS AND COSTS
Find Out Which Buyer Programs May Apply
Share what you’re buying and your questions about rebates, taxes or closing costs.
Prefer to talk? Call 647-963-8091 →