What does the HST Rebate mean?

Here are the key points:

• Ontario plans to remove the full 13% HST on eligible new homes.

• Maximum savings can reach $106,000.

• Full rebate applies to new homes priced up to $1 million.

• The full $106,000 rebate is maintained up to $1.5 million.

• Rebates phase down after $1.5 million.

This is a temporary program proposed for:

• Agreements signed between April 1, 2026 and March 31, 2027.

• The rebate applies only to newly built homes (and certain substantially renovated homes/rental properties).

• Buyers generally must use the property as a primary residence or qualifying rental property.