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Taxes & Costs
GST on New / Substantially Renovated Homes
What is GST on New / Substantially Renovated Homes in British Columbia?
General information only — not legal, tax, financial, or real-estate advice. Verify with a licensed BC professional before acting.
The federal Goods and Services Tax (GST) applies at 5% to the sale of newly built or substantially renovated residential homes in Canada, including British Columbia. Resale of previously owned homes is generally exempt. Where the buyer occupies the newly built home as their primary residence, the New Housing Rebate may reduce the effective GST payable; the rebate is administered by the Canada Revenue Agency and phases out above defined price thresholds. Investors purchasing a new home for rental may instead be eligible for the New Residential Rental Property Rebate. GST rules are technical — confirm eligibility and current thresholds with a Canadian tax professional or the CRA.
Frequently Asked Questions
Do I pay GST on a resale home in BC?
Generally no. Resale residential homes are typically exempt from GST. GST applies to newly built or substantially renovated homes and to some assignment sales.
The GST/HST New Housing Rebate is a federal rebate that partially refunds GST paid on a newly built home used as a primary residence. Thresholds and formulas are set by the CRA — confirm current amounts with a Canadian tax professional.
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