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HomeToolsCalculatorsBritish Columbia GST Rebate Calculator

British Columbia GST Rebate Calculator

In many cases, purchasers may be eligible to claim a GST Rebate for a portion of the GST they pay on the purchase price or cost of building a new home.

New home buyers can apply for a 36% rebate of the 5% GST applicable to the purchase price to a maximum of $6,300 for homes costing $350,000 or less (before GST).

For new homes priced between $350,000 and $450,000 (before GST), the GST Rebate is reduced proportionately.

New homes priced $450,000 or higher (before GST) are not eligible to receive a GST Rebate.

Use the GST Rebate Calculator to estimate the GST rebate amount the purchaser can expect to receive.


New Home? — 
First Time Home Buyer? — 
Purchase Price — $ 
BC GST — 
BC GST Rebate — 
Net BC GST — 
Property Transfer Tax — 
Exemption Amount — 
Property Transfer Tax Payable — 
Total Purchase Cost — 

  


Assumptions: Completion date on/after April 1, 2013 and before April 1, 2015 (construction at least 10% complete at April 1, 2013). GST calculated as 5% on Purchase Price, calculated on new homes only. GST rebate calculated as 36% on homes less than $350,000, and partial rebate on homes between $350,000 and $450,000. Property Transfer Tax (PPT) calculated as 1% on first $200,000, 2% on remaining amount. First time home buyers are exempt when purchase price is below $425,000. Partial exemption when purchase price is between $425,000 and $450,000. Total Purchase cost is the sum of the Purchase Price, Net BC GST, & Net Property Transfer Tax. For estimation purposes only. HomesOnTheWeb.ca does not make any express or implied warranties with respect to the information or results in connection to this, or any other calculator. HomesOnTheWeb.ca will not be held liable for any losses or damages resulting from any errors or omissions in any information or results, or any action or decision made by users in reliance on any information or results. Please consult a financial professional when making important financial decisions.


Disclaimer: Information is provided for sample purposes only. does not guarantee its accuracy. Information should be verified and should not be relied upon as legal, financial, or other advice.

          Erik was a great listener, and always very thorough with my requests. He also gave me some really sound advice which ended up saving me money in the long run. - Shannon Nolting
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