Tri-Cities Real Estate

BC First-Time Buyer GST Rebate Calculator

See how much you can save with the 2025 enhanced GST rebate — up to $50,000 for first-time buyers of new homes in BC.

First-Time Buyer GST Rebate Calculator — 2025

As a first-time buyer of a new home in BC, you may qualify for the enhanced GST rebate introduced in the March 2025 federal budget — up to $50,000 on homes priced under $1,500,000. Your savings also stack with the BC PTT First-Time Buyer Exemption. Enter your purchase price below to see both.

$
Federal GST
5% GST on purchase price
FTB enhanced GST rebate
Net GST payable
BC Property Transfer Tax
PTT on purchase price
FTB PTT exemption
Net PTT payable
Total FTB Savings

What Is the BC First-Time Buyer GST Rebate?

When you purchase a brand-new home in BC, you pay 5% Goods and Services Tax (GST) on the purchase price. There are two GST rebate programs available for new home buyers:

  1. Standard New Housing Rebate — available to all buyers on homes priced under $450,000; returns up to 36% of GST paid, to a maximum of $6,300.
  2. First-Time Buyer Enhanced GST Rebate (2025) — available to first-time buyers only; returns 100% of GST on homes priced up to $1,000,000, with a maximum rebate of $50,000. Introduced in the March 20, 2025 federal budget.

For first-time buyers purchasing new construction in BC — which is the majority of the market in communities like Port Moody, Coquitlam, and Port Coquitlam — the 2025 enhanced rebate is transformative. A buyer purchasing a $750,000 new townhome would receive a $37,500 GST rebate under the new program, compared to $0 under the standard rebate at that price.

The 2025 Enhancement — What Changed and When

The enhanced FTB GST rebate was announced in the March 20, 2025 federal budget and applies to purchase agreements signed on or after March 20, 2025. If your purchase agreement was signed before that date, the standard GST New Housing Rebate (max $6,300) applies instead.

Here is how the two programs compare across price points:

Purchase PriceStandard RebateFTB Enhanced (2025)
Up to $350,000Up to $6,300100% of GST
$350K – $449,999Partial (phase-out)100% of GST
$450K – $999,999$0100% of GST
$1M – $1,499,999$0Partial (phase-out)
$1,500,000 and over$0$0

For homes between $1,000,000 and $1,500,000, the enhanced FTB rebate phases out linearly:

FTB Rebate = $50,000 × ($1,500,000 − Purchase Price) ÷ $500,000

Who Qualifies as a First-Time Buyer?

To receive the enhanced FTB GST rebate, all of the following must apply to you (and your spouse or common-law partner, if applicable):

  • You are a Canadian citizen or permanent resident
  • Neither you nor your spouse/common-law partner has previously owned a qualifying home (new or resale) in Canada that was used as a principal place of residence
  • The home will be your primary place of residence
  • You have a purchase agreement dated on or after March 20, 2025
  • You are purchasing directly from a builder or developer (new construction only)

Unlike the standard rebate, the enhanced FTB rebate has no price cap below $1,000,000 — the full 100% GST rebate applies to any qualifying new home priced up to $1M. Above $1M, a partial rebate applies up to $1.5M.

Important: if you are purchasing with a co-buyer, all purchasers and their spouses or common-law partners must independently meet the first-time buyer criteria. If one co-purchaser has previously owned a home, the FTB enhanced rebate is unavailable — though the standard rebate may still apply if the price is under $450,000.

Calculating Your Rebate: A Real Example at $699,000

Let's walk through a typical first-time buyer purchasing a new townhouse in Port Coquitlam for $699,000:

Federal GST

  • 5% GST: $34,950
  • FTB enhanced rebate (100%): −$34,950
  • Net GST payable: $0

BC Property Transfer Tax

  • PTT (1% × $200K + 2% × $499K): $11,980
  • FTB PTT exemption (flat $8,000 for homes $500K–$835K): −$8,000
  • Net PTT payable: $3,980

Total FTB savings: $42,950

A non-first-time buyer purchasing the same property would owe $34,950 in GST and $11,980 in PTT — a combined $46,930. As a first-time buyer, you pay $0 GST and $3,980 PTT — saving $42,950 at closing.

Stacking Your Savings: GST Rebate + PTT Exemption

First-time buyers in BC benefit from two overlapping programs at closing:

  1. Enhanced FTB GST Rebate — federal program, up to $50,000, new construction only
  2. BC First-Time Buyer PTT Exemption — provincial program, up to $8,000, applies to any home (new or resale)

The PTT exemption works as follows: full PTT waived for homes priced at or below $500,000; a flat $8,000 exemption for homes $500,001 to $835,000; a partial exemption phasing out to $860,000; and no exemption above $860,000.

Our calculator above shows both savings combined. For a $700,000 new townhome, the total government assistance at closing can exceed $40,000 — a meaningful reduction that makes new construction far more accessible for qualifying buyers.

Want to explore the PTT side in more detail? Use our BC Property Transfer Tax Calculator to see the full PTT breakdown for any purchase price.

How to Claim Your GST Rebate — Step by Step

In most BC new construction transactions, the builder credits the rebate directly at closing — you do not need to file separately with the CRA. Here is what typically happens:

  1. You sign an assignment form as part of your purchase documents, transferring your right to the rebate to the builder.
  2. The builder reduces your closing cost by the rebate amount, effectively incorporating the savings into your purchase price.
  3. The builder files Form GST191-WS with the CRA on your behalf to recover the rebated amount.

If your builder does not apply the rebate at closing (unusual, but possible for smaller developers), you can file Form GST191 directly with the CRA within two years of closing. You will need your purchase contract, statement of adjustments, and proof of primary residence occupancy.

For the PTT First-Time Buyer Exemption, your notary or lawyer applies the exemption automatically at land title registration — no separate filing is required on your end.

Frequently Asked Questions — BC First-Time Buyer GST Rebate

Does the enhanced FTB GST rebate apply to resale homes?

No. GST does not apply to resale homes sold by private owners, so neither the standard nor the enhanced GST rebate applies to resale purchases. The enhanced FTB rebate is specifically for new construction purchased directly from a builder or developer. If you are buying a resale home, you still benefit from the BC PTT First-Time Buyer Exemption (up to $8,000), but the GST rebate is not available.

What if my partner previously owned a home — do I still qualify?

No. For the FTB enhanced GST rebate, both you and your spouse or common-law partner must independently meet the first-time buyer criteria. If your partner has previously owned a qualifying home that was used as their principal residence, the FTB enhanced rebate is not available to either of you. The standard new housing rebate (max $6,300 for homes under $450,000) may still apply depending on the purchase price.

My new home is priced between $1M and $1.5M — how much rebate do I get?

The partial FTB rebate for homes priced between $1,000,000 and $1,499,999 is calculated as: $50,000 × ($1,500,000 − Purchase Price) ÷ $500,000. For example, a $1,200,000 new home yields $50,000 × ($1,500,000 − $1,200,000) ÷ $500,000 = $30,000. Use the calculator above to get the exact figure for any price in this range.

Can I combine the FTB GST rebate with the BC Newly Built Home PTT Exemption?

Yes, in many cases. The federal FTB GST rebate and the provincial PTT exemptions are separate programs. If you qualify for both, you apply both at closing. However, eligibility criteria differ: the PTT First-Time Buyer Exemption has different thresholds ($500K full / $835K phase-out) than the GST rebate ($1M full / $1.5M phase-out), so at higher price points you may lose the PTT exemption while still keeping the GST rebate. Always review both programs with your notary or real estate agent.

My purchase agreement was signed before March 20, 2025 — which rebate applies?

The enhanced FTB GST rebate applies only to purchase agreements signed on or after March 20, 2025. If your agreement is dated before that, the older standard new housing rebate (36% of GST, maximum $6,300, for homes priced under $450,000) applies instead. See our Standard GST Rebate Calculator to estimate your rebate under the older program.

Do I need to pay the full GST at closing and then wait for a refund?

In practice, no. The vast majority of BC builders apply the rebate directly at closing by crediting it toward your purchase price. This means you never write a cheque for the full GST amount — the builder reduces the closing balance by the rebate amount and then files the rebate claim with the CRA on your behalf. Your statement of adjustments will show the rebate as a credit.

First-Time Buyer in the Tri-Cities?

Let's Make Sure You Claim Every Dollar You're Owed

Navigating the GST rebate, PTT exemption, and other first-time buyer programs can be complex — especially in a fast-moving market like Port Moody, Coquitlam, and Port Coquitlam. As a local REALTOR® who works primarily with buyers in the Tri-Cities, I can walk you through your exact savings before you sign anything.

Contact Sebastian
This calculator is for general estimation purposes only and does not constitute legal, financial, or tax advice. GST rebate thresholds, eligibility rules, and PTT exemption limits are subject to change without notice. Always confirm your exact entitlements with your builder, notary, lawyer, or a qualified tax professional before completing any real estate transaction.