"The full tax rebate, which is included in the 2026 budget, would apply to buyers of eligible new homes valued up to $1 million. This goes beyond the tax rebate introduced last fall, which was only for first-time home buyers."
"Since this rebate would remove the full 13% HST on eligible homes, 5% of the HST comes from the federal government, and 8% from the province. Changes are required both federally and provincially."
"Ontario Housing Minister Rob Flack stated that Ontarians can get up to $130,000 in rebates for just one year, emphasizing the partnership with the federal government to remove sales tax for buyers of new homes."
The Ontario government announced a one-year removal of the Harmonized Sales Tax (HST) on new homes to support families and boost construction. The full tax rebate applies to new homes valued up to $1 million and is included in the 2026 budget. The budget must pass for the rebate to take effect, and changes are needed at both federal and provincial levels. The federal government is working on legislative changes to facilitate this rebate, which could provide significant financial relief to homebuyers.
Read at www.cbc.ca
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