Good news for first-time buyers: Quebec will reimburse up to $5,875 of the welcome tax.
Buying your first home often represents the largest investment of a lifetime. Between the down payment, notary, inspection, moving, and the numerous costs associated with purchasing, the bill climbs quickly.
Good news: starting in 2026, the Quebec government offers a new refundable tax credit that can reach up to $5,875 to help some buyers absorb a portion of these costs. ([Revenu Québec][1])
What is reimbursed?
The program mainly aims to reimburse a large portion of the land transfer tax, better known as the bienvenue tax.
Concretely, the credit allows you to recover:
100% of the first $5,000 of bienvenue tax;
25% of the next portion, up to a maximum additional reimbursement of $875.
The total refund can therefore reach $5,875. ([Revenu Québec][1])
Who can benefit?
The program is mainly targeted at:
first-time buyers of a primary residence;
people who need to acquire a dwelling better suited due to a severe disability, for themselves or a eligible relative. ([Revenu Québec][1])
To be considered a first-time buyer, neither you nor your spouse must generally have owned a residence that you occupied during the four previous calendar years. ([Revenu Québec][1])
Are all properties eligible?
Most types of housing are covered, including:
* single-family homes;
* semi-detached or row houses;
* condominiums;
* duplexes and triplexes;
* mobile or manufactured homes.
However, the property must become your principal residence. ([Revenu Québec][1])
Is there a limit?
Yes.
The credit starts to diminish when the property value exceeds $750,000 and completely phases out for properties valued at $1 million or more. ([Revenu Québec][1])
From when?
This measure applies to homes acquired after December 31, 2025, i.e., for the 2026 tax year. Provisions will also allow, in certain situations, requesting an advance payment rather than waiting for your tax return to be filed. ([Revenu Québec][1])
An aid that complements other programs
This new credit can be added to other measures already offered to first-time buyers, such as:
the TFSA Home Buyer Plan (HBP);
the Home Ownership Program (RAP);
* the existing tax credits for purchasing a first home.
Combined, these programs can represent several thousands of dollars of financial assistance. ([MNP.ca][2])
My advice as a real estate broker
Even though this news is excellent, it’s important not to base your decision solely on this tax credit.
Before buying, make sure you thoroughly evaluate your financial capacity, the actual costs of the property (municipal taxes, maintenance, insurance, renovations, etc.), and the area that will meet your long-term needs.
Good guidance can save you far more than the amount of a tax credit by avoiding costly mistakes and helping you negotiate the best possible deal.
Wondering if you’re eligible or want to plan the purchase of your first property? Feel free to contact me. I’ll be happy to accompany you at every step of your real estate project.
[1]: https://www.revenuquebec.ca/fr/salle-de-presse/nouvelles-fiscales/details/2026-04-21/instauration-dun-credit-dimpot-remboursable-pour-acces-a-la-propriete/?utm_source=chatgpt.com "Instauration d'un crédit d'impôt remboursable pour accès à la propriété | Revenu Québec"
[2]: https://www.mnp.ca/fr/points-de-vues/bibliotheque/le-quebec-instaure-un-nouveau-credit-d-impot-remboursable-pour-acces-a-la-propriete?utm_source=chatgpt.com "Le Québec instaure un nouveau crédit d’impôt remboursable pour accès à la propriété | MNP"