Do I pay GST on a Coquitlam townhome presale?

Yes — 5% GST applies on new-construction Coquitlam townhomes. May be partially or fully rebated depending on price tier and your buyer status (first-time buyer, owner-occupier, etc.).

What is GST on a $1M new Coquitlam home?

Base GST: 5% × $1,000,000 = $50,000. With the standard rebate: rebate phases out by $450K, so on $1M base price, $50,000 GST is paid in full. With the 2025 first-time buyer exemption: zero GST on this purchase if eligibility is met.

Can I claim GST rebate if I rent out the new home?

If you intend to rent rather than occupy, the New Housing Rebate is not available. The Rental Rebate is a separate program with different rules and is paid to the developer (lower price to you). Confirm with your accountant.

How does the GST rebate work mechanically?

Two paths: (1) you assign the rebate to the developer at closing — they reduce the contract price by the rebate amount, and you do not have to claim. (2) You pay full GST at closing and claim the rebate from CRA after — takes 6-8 weeks for refund. Most Coquitlam new-construction contracts use path (1).

Is the 2025 first-time buyer GST exemption automatic?

No — you have to claim it. Confirm with your accountant and the developer's lawyer that the exemption is applied correctly at closing.

What counts as 'first-time buyer' for the GST exemption?

Federal definition: neither you nor your spouse have owned a home in the past 4 years. Confirms with the federal program rules (which can evolve).

Does GST apply to assignments of pre-construction contracts?

Yes, on the new-build portion. Assignment income is also subject to GST in many cases. Talk to a tax accountant before assigning a Coquitlam presale contract.

Is GST included in the listed price of new Coquitlam construction?

Varies — read the contract. Some developers list GST-inclusive; some list pre-GST. Burke Mountain and Westwood Plateau new construction is typically pre-GST in the listing price; GST is added at closing.

What is the difference between GST and PST in BC real estate?

GST (5%) is federal and applies to new-construction homes. PST is provincial and does not apply to homes — it applies to other goods and services in BC.

Can I deduct GST paid on a new Coquitlam home from my income tax?

Generally no (residential, primary residence). GST on rental properties may be claimable as part of business expenses. Talk to your accountant.

GST Rebate on New Construction Homes in Coquitlam

GST rebate on new homes in Coquitlam — what's actually available.

Quick Answer

What should you know about Gst Rebate New Home Coquitlam?

GST applies to new-construction Coquitlam homes (Burke Mountain, Westwood Plateau-base, Burquitlam-presale). Federal rebates can reduce the GST burden materially — including a major 2025 first-time-buyer GST exemption that changed the math entirely. Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS® and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.

GST / taxes · Coquitlam

Every GST rebate program for new Coquitlam builds.

If you are buying a new-construction Coquitlam home, the 5% federal GST applies to the purchase price. There are several rebate programs that may reduce or eliminate this. Here is the verified current state of each.

Federal GST New Housing Rebate

Full 36% rebate of GST paid on new construction up to a $350,000 base. Sliding-scale partial rebate from $350,001 to $450,000. Above $450,000, no federal GST rebate via this program. Must use the home as a primary residence (you, your spouse, or close family) to qualify.

BC New Housing Rebate

BC offers a separate provincial rebate that may apply on top of the federal one. Specifics interact with the federal rebate; confirm with your accountant.

Federal First-Time Buyer GST Exemption (2025)

Major 2025 program: full GST exemption on new homes up to $1,000,000 for first-time buyers. Materially changes Coquitlam new-construction math for first-time buyers — saves up to $50,000 in GST on a $1M new build. Confirm current eligibility rules and the effective date with your accountant, as program details may evolve.

GST is paid by the buyer to the developer

The developer collects GST at closing and remits to CRA. Some developers structure the price as 'GST-included' for marketing — read the contract carefully.

GST does not apply to resale homes

Resale Coquitlam homes (any age) are GST-exempt. Only new construction (or substantial renovation) triggers GST.

GST and the New Housing Rebate on a Coquitlam new build

Buying new construction adds a tax layer resale homes don't have. Here's the shape of it — then confirm the exact numbers with your builder and accountant before you write.

The basics

GST applies to new

New and substantially renovated homes are generally subject to 5% GST, which resale homes are not. On a new build, factor it into your budget from the start rather than treating it as a surprise at closing.

The rebate

Partial, and price-sensitive

The federal GST New Housing Rebate can return part of the GST — but it phases out as price rises, so at typical Coquitlam price points the federal portion is often small or nil. Check where your purchase actually lands.

Included or not

Read the contract

Some builder prices are quoted net of GST and rebate assignment; others are not. Confirm exactly what the advertised number includes so you're comparing homes on the same basis.

Rental vs. living

Different rebate path

Whether you'll live in the home or rent it out can change which rebate applies and how you claim it. The distinction matters, so flag your intended use early.

Presales

Tax at completion

On a presale, GST is generally calculated at completion. If you plan to assign before completing, the tax treatment gets more involved — get advice specific to that scenario.

For you

Get it costed early

The safest move is to have your mortgage broker and accountant cost the GST and any rebate before you commit, so the tax is a known line, not a late shock.

Rebate thresholds and rules are set federally and can change, and how they apply depends on price, use and your contract, so verify the current details for your own purchase.

Craig can make sure the GST question is on the table during any Coquitlam new-build conversation and connect you with an accountant to confirm what, if anything, you'll recover.

Get the honest Tri-Cities market read, monthly.

June 2026 Coquitlam detached HPI is $1,649,000, -4.8% YoY. What that means for your buy or sell decision — without the salesy fluff. One email per month. Unsubscribe anytime.

No spam, no listings flood, no marketing automation games. Genuine monthly update from a 47+ year Tri-Cities resident.