New Government Tax Rebates for Buyers of New Homes
Limited Time Tax Savings
There’s a new opportunity for homebuyers worth exploring.
With newly introduced Government rebates, buyers can enjoy meaningful savings on a new home.
At Watercolour Westport, we’re here to help you understand what this could mean for you. Connect with our team to learn more and take the next step toward home.
Ontario Rebates
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Potential savings of up to $130,000
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Homes valued up to $1M receive a rebate of the full 13%
HST -
Homes valued between $1M to 1.5M will receive a
rebate of $130,000 -
Homes valued between $1.5M to $1.8M will receive a
partial rebate of the HST -
Homes above $1.8M qualify for the $24,000 HST pre-
existing rebate -
The purchase agreement must be signed between April
1st, 2026, and March 31st, 2027
100% HST elimination on eligible new homes priced up to $1 million (excl. HST), and $130,000 maximum rebate for new homes
valued between $1,000,000 – $1,500,000 (excl. HST). Savings of up to $130,000, depending on the home price and eligibility
requirements. Prices are subject to change without notice. E. & O. E. All prices are exclusive of HST and are shown prior to
deductions of any applicable GST/HST New Housing Rebates, including the proposed temporary 2026–2027 Ontario HST
Rebate expansion and/or the Federal First-Time Home Buyers’ (FTHB) GST/HST New Housing Rebate, where applicable. The
proposed 2026–2027 Ontario HST Rebate expansion referenced above is pending legislation; its inclusion in pricing is not
guaranteed and pricing based on such rebate is subject to change if the legislation is amended or does not pass. Rebate pricing
is further conditional upon the purchaser meeting all government eligibility and residency requirements and assigning all
applicable rebate proceeds to the Builder on closing. Purchasers who do not qualify for one or more of the above rebates will be
responsible for the full applicable HST amount; please contact our sales representatives for pricing applicable to your
circumstances.