This BC GST/PTT tax & rebate calculator is for getting a rough idea of the taxes that may be payable on the purchase of a new condo in Vancouver, BC, Canada.
GST on New Homes in BC Calculator & New Home GST Rebate Calculator
GST Calculator
Use this form to find out the amount of Goods and Services Tax (GST) on Real Estate in British Columbia:
Property Transfer Tax PTT Calculator
PTT Calculator
Use this form to find out the amount of BC's Property Transfer Tax required for the home you are purchasing:
**** DISCLAIMER – These calculators are for budgeting and educational purposes only. They should not be relied upon for making final calculations. *****
How Much is Canada’s Goods and Services Tax on Properties in British Columbia?
Federal Goods and Services Tax on new properties is 5% in British Columbia and is payable when the property completes at the Land Titles Office.
Please note GST is only payable on new properties in BC.
GST is not payable on used homes in British Columbia.
UPDATE! In May of 2025, the Federal Government announced a GST Rebate for first time home buyers of new construction and presale owner occupied properties up to $1,500,000!
GST Rebate New Home BC Offers
The BC GST New Home Buyers Rebate is a federal program designed to reduce the financial burden of purchasing a new home. If you’re buying a newly built home in British Columbia valued at $350,000 or less, you may qualify for a full rebate of the 5% GST. For homes priced between $350,000 and $450,000, a partial rebate is available. However, homes priced above $450,000 are not eligible.
To claim the rebate, buyers must:
Use the new home as their primary residence.
Be a Canadian resident.
Eligibility for the GST New Housing Rebate
Property Type:
The rebate is available for newly constructed homes, including:
New houses
Townhouses
Condominiums
Mobile homes or modular homes
Substantial renovations of existing homes may also qualify.
Intended Use:
The property must be used as your primary place of residence or a relative’s primary place of residence.
Investment or rental properties are generally not eligible unless you’re a landlord who qualifies under separate rules for rental housing rebates.
Price Threshold:
Full GST rebate is available for homes priced at $350,000 or less before tax.
A partial rebate is available for homes priced between $350,000 and $450,000.
Homes priced over $450,000 are not eligible for the GST rebate.
Rebate Amount
The maximum rebate is 36% of the GST paid on a new home.
For homes priced at $350,000 or less:
You may receive a rebate of up to $6,300 (36% of 5% GST on $350,000).
For homes priced between $350,000 and $450,000:
The rebate decreases as the home price approaches $450,000.
No rebate is available for homes priced over $450,000.
BC Specific Considerations
In addition to the GST rebate, buyers may also benefit from provincial programs such as:
First-Time Home Buyers’ Program: Offers property transfer tax exemptions for qualifying first-time buyers.
Affordable Housing Initiatives: There may be other rebates or incentives specific to BC, depending on your income level and the property type.
How Much is Property Transfer Tax in British Columbia?
BC’s Provincial Property Transfer Tax is payable on all property transactions in British Columbia at the following rates:
1% on the first $200,000 of the purchase price
2% on the fair market value between $200,000 and $2,000,000
3% on the fair market value above $2,000,000
5% on the fair market value of the home above $3,000,000
BC PTT New Home Buyers Rebate
The BC Property Transfer Tax (PTT) New Home Buyers Rebate provides a significant financial benefit for first-time homebuyers in British Columbia. If you’re purchasing a newly built home, you may be eligible to eliminate or reduce the PTT.
To qualify for the full PTT exemption:
The purchase price of the home must be $500,000 or less.
The buyer must be a first-time homebuyer and a Canadian citizen or permanent resident.
The home must be used as your primary residence.
For homes priced between $500,000 and $525,000, a partial exemption is available. However, homes priced above $525,000 are not eligible for the rebate.
To claim the rebate, the exemption is typically applied automatically at the time of registration. Ensure all required documents are provided, including proof of eligibility.
How to Calculate PST & GST on New Homes in BC with Rebates
We have two calculators on this page. A GST and rebate calculator and a PTT and rebate calculator.
Using these calculators is simple.
Just input the purchase price or fair market value of the property in the field in the calculator above (we have circled in the image below) and the amount of either Property Transfer Tax or Goods and Services Tax will show up in the fields below within the calculator.
Please call 604-265-9256 if you are having any issues with these calculators.
GST & BC Land Transfer Tax Calculator
GST rate for new homes in BC: The GST rate is typically 5% for new home purchases in Canada, including BC. Rebates may be available depending on the purchase price and if the home will be your primary residence.
Calculating property tax for a condo: Property tax is determined by the assessed value of the condo and the municipal tax rate. The focus of this page is not on property tax, but on the calculation of PTT & GST on new homes in BC. Specific calculators can provide estimates based on these factors.
Rebate on new home tax: Eligibility for rebates on GST or PTT depends on factors like the home being your primary residence and the purchase price. There are specific criteria and thresholds for these rebates.
Benefits of the presale calculator: A presale calculator can help estimate the total cost of purchasing a presale condo, including down payments, taxes, and potential rebates.
Taxes when purchasing an apartment: Besides GST and PTT, consider ongoing property taxes, which are based on the property’s assessed value and the local tax rate.
Frequently Asked Questions About GST on New Homes in BC
How Much is GST on a New Home in BC?
The GST on new homes in BC is 5% of the purchase price. For example, if you purchase a new home for $500,000, the GST would be $25,000.
How can I calculate New Home GST in BC?
You can use our BC GST calculator above to estimate the GST payable and check if you’re eligible for any rebates.
Is there a rebate for GST Rebate on New Homes in BC?
Yes, you may qualify for a GST New Housing Rebate if the purchase price of your new home is $450,000 or less. Our calculator can help you determine your potential new home GST rebate BC offers.
How much is the GST on a new condo in BC?
The GST on new condos in BC is also 5% of the purchase price. Use our calculator to find out how much GST you’ll need to pay for your specific condo purchase. The GST is the same for condos and homes or houses if they are new.
Does this calculator help with both GST and PTT on new homes in BC?
Yes, our tool calculates both the GST on new homes in BC and the Property Transfer Tax (PTT). This makes it easier to budget for the total cost of buying a new property.
Does this GST Calculator Calculate Rebates?
Yes, this new home GST rebate calculator does calculate the rebate on the GST.
How much is the First Time Home Buyer GST Rebate?
The First-Time Home Buyer GST Rebate allows eligible buyers to claim up to 36% of the GST paid on a newly built home, up to a maximum home price of $350,000. A partial rebate is available for homes priced between $350,000 and $450,000, with no rebate available above $450,000.
How much is GST on a new home in BC for first-time home buyers?
First-time home buyers in BC still pay GST on new homes, but they may be eligible for rebates or other incentives to help offset the cost. Our calculator helps you estimate these costs and potential savings.
Where can I find a GST on new homes calculator?
Right here! Our GST and PTT Calculator above is specifically designed for new home and condo purchases in BC.
What is the GST rebate for a new home in British Columbia?
The GST rebate allows buyers of newly constructed homes to recover up to 36% of the GST paid on homes priced at $350,000 or less. A partial rebate is available for homes priced between $350,000 and $450,000. Homes above $450,000 do not qualify for the rebate.
How is the new home GST rebate calculated?
The rebate is based on the purchase price of the home and the amount of GST paid. For homes priced under $350,000, the full rebate is available. For homes between $350,000 and $450,000, the rebate decreases proportionally. The rebate calculator on this page can help determine your specific amount.
Who qualifies for the new home GST rebate in BC?
To qualify, you must purchase a newly constructed home or a substantially renovated property as your primary residence. The rebate applies to individuals and not businesses or corporations.
How much GST do you pay on a new home in British Columbia?
The GST on a new home in British Columbia is 5% of the purchase price. This is separate from the provincial Property Transfer Tax.
Is there a tool to calculate the GST rebate for new homes in BC?
Yes, you can use the GST and PTT calculator on this page to estimate your rebate based on your home’s purchase price and applicable taxes.
Can you get a GST rebate for a second home in BC?
No, the GST rebate is only available for homes that will serve as your primary residence. Investment or secondary properties do not qualify.
How does the GST rebate affect Property Transfer Tax in BC?
The GST rebate does not directly affect the Property Transfer Tax (PTT). PTT is calculated based on the home’s purchase price, with rates starting at 1% for the first $200,000 and increasing thereafter.
What is the difference between GST and Property Transfer Tax?
GST is a federal tax on goods and services, including new homes, set at 5%. Property Transfer Tax is a provincial tax in BC, calculated on the purchase price of the property, and applies to all real estate transactions.
Are there additional tax rebates for first-time home buyers in BC?
Yes, first-time home buyers may qualify for the First Time Home Buyers’ Program, which can reduce or eliminate the Property Transfer Tax on homes valued under $500,000. Partial exemptions are available for homes between $500,000 and $525,000.
