First Time Buyers
Gianpiero (GP) Di Palma and his team of qualified and professional real estate agents service areas include: All of Toronto and the GTA, Peel Region, Halton Region, Hamilton, Durham Region, York Region, Wellington County, Brant County, Niagara Region, Waterloo Region, Grey County, Dufferin County, Simcoe County, Simcoe Region, Kawartha Lakes, Peterborough County, Nipissing District, Muskoka Region, and others. Neighbourhoods & communities we serve: Ajax, Alderwood, Alliston, Ancaster, Angus, Annex, Armour Heights, Aurora, Barrie, Bayview Village, Beamsville, Beaverton, Binbrook, Bloor West Village, Bolton, Bond Head, Bracebridge, Bradford, Bridal Path, Brock, Burlington, Caledon, Tottenham, Beeton, Bond Head, Caledonia, Cannington, Casa Loma, Chinatown, Churchill Meadows, Clarkson, Clanton Park, Cobourg, Collingwood, Concord, Cooksville, Credit Mills, Credit Pointe, Creditview, Danforth Village, Don Mills, Don Valley Village, Downsview, Dundas, East Credit, East York, Elora, Erin, Erin Mills, Essa, Etobicoke, Fairview, Fergus, Forest Hill, Georgetown, Georgina, Grand Valley, Gravenhurst, Grimsby, Guildwood, Guelph, Halton Hills, Hamilton, Harbourfront, High Park, Hoggs Hollow, Horseshoe Valley, Hurontario, Huntsville, Innisfil, Keswick, King, King City, Kleinburg, Lakeview, Lawrence Manor, Lawrence Park, Leaside, Leslieville, Liberty Village, Lincoln, Lisgar, Little Italy, Little Portugal, Long Branch, Lorne Park, Loretto, Maple, Markham, Markland Wood, Meadowvale, Meadowvale Village, Midhurst, Midland, Millbrook, Mimico, Mineola, Mississauga Rd, Mississauga Valleys, Moore Park, Mount Dennis, Muskoka, New Toronto, Newmarket, Niagara Falls, Niagara-on-the-Lake, Nobleton, North Toronto, North York, Oak Ridges, Oakville, Orangeville, Orillia, Oro-Medonte, Oshawa, Parkdale, Penetanguishene, Pickering, Port Credit, Port Hope, Port Perry, Puslinch, Ramara, Rathwood, Richmond Hill, Riverdale, Roncesvalles, Rosedale, Rattray Marsh, Scarborough, Schomberg, Shelburne, Sheridan, Smithville, South Riverdale, Springwater, St. Catharines, St. Lawrence Market, Stayner, Stoney Creek, Streetsville, Sunnyside, Swansea, The Beaches, The Junction, The Kingsway, The Queensway, Thornhill, Tiny, Tottenham, Trinity Bellwoods, Vaughan, Wasaga Beach, Welland, Weston Village, Whitby, Whitchurch-Stouffville, Willowdale, Woodbridge, York, York Mills, Yorkville.
384 Winfield Terrace, Mississauga, Ontario, L5R 1N8
Main Office: 800-704-2334
Fax: 416-987-4920
Email: newworld2000realty@gmail.com
Gianpiero (GP) Di Palma
New World 2000 Realty Inc. Brokerage Broker of Record
3149 15th Sideroad, Beeton, Ontario L0G 1A0
Direct: 416-417-8790
Office: 647-951-7355
Main Office: 800-704-2334
Email: gpdipalma@gmail.com
Details provided may change
The details provided on this rebate are based on proposed legislation and may change.
Proposed legislation was tabled in the House of Commons to introduce a first-time home buyers’ (FTHB) GST/HST rebate, which would eliminate the GST (or federal portion of the HST) for first-time home buyers on a new home valued up to $1 million. The rebate would also allow first-time home buyers to reduce the amount of tax they pay on a new home valued between $1 million and $1.5 million.
If the proposed legislation receives Royal Assent, a first-time home buyer may be eligible for the FTHB GST/HST rebate in addition to the existing GST/HST new housing rebate. Where both rebates apply, the GST/HST FTHB rebate would act as a top up to the existing GST/HST new housing rebate.
Applications are not yet available.
For technical enquiries, contact GST/HST Rulings at 1-800-959-8287.
What is the proposed rebate
The proposed FTHB GST/HST rebate is for eligible individuals who are buying or building their first home.
This first home must be:
Newly built or substantially renovated
Bought for use as the individual's primary place of residence
Depending on the value of the home, the individual could recover up to 100% of the GST (or federal portion of the HST) paid, up to $50,000.
For new homes valued:
Up to $1 million, the rebate would be up to 100% (up to a maximum rebate of $50,000)
Between $1 million and $1.5 million, the maximum rebate would be gradually reduced
At or above $1.5 million, there is no rebate
