Tesla Model Y: Under $45,000 After Incentives in Canada

Whether you’ve been sitting on the fence or waiting for the “perfect” moment to go electric, your patience just paid off.

In a massive shift for the Canadian EV market, Tesla has hit two historic pricing milestones simultaneously. For the first time ever, you can drive home a Model Y for under $40,000 (after incentives) and a Model 3 for under $40,000 (sticker price).

Here is everything you need to know about these record-breaking prices and why right now is the best time to buy.

1. The Model Y: Under $45,000 After Incentives

The Tesla Model Y is the best-selling vehicle in the world for a reason, and it just became significantly more accessible.

• The Price: Tesla has positioned the Model Y Rear-Wheel Drive (RWD) at $49,990.

• The Incentive: Because the base price is now under the federal threshold, it qualifies for the $5,000 Federal iZEV / EVAP Incentive.

• The Result: Your effective price drops to $44,990.

This is the first time the Model Y—a spacious SUV with 463 km of range and a 0-100 km/h time of 7.2 seconds—has effectively cost less than $45,000 CAD.

The Model Y RWD: Now qualifying for the full $5,000 government rebate.

2. The Model 3: A Sub-$40K Sticker Price

While the Model Y is grabbing headlines with the rebate, the Model 3 is making history on its own. By sourcing the Model 3 from Giga Shanghai, Tesla has slashed the entry price to a record-low $39,490.

This is the lowest sticker price for a new Tesla in Canadian history. Even without additional federal rebates (due to sourcing requirements), the “out the door” price is now competitive with basic gas-powered sedans, while offering:

• 463 km Range

• Premium Interior (Standard on the new “Premium RWD” trim)

• Upgraded Suspension for a smoother, quieter ride.

Why Order Now?

If you’re looking at these prices and wondering if they’ll go lower—don’t count on it. Here’s why the “Buy” button is looking better than ever:

1. Inventory & Quotas: Canada’s new import rules for vehicles built in China (like the new Model 3) operate on a quota system. Once the 2026 quota is filled, these specific low-priced models may become harder to find.

2. Referral Benefits: By using a referral link, you can often unlock additional perks like 3 months of Full Self-Driving (Supervised) or extra loyalty credits that can be used for Supercharging or software upgrades.

3. Gas Savings: With the Model Y and Model 3 priced this low, the “Total Cost of Ownership” becomes undeniable. Most drivers save between $1,500 and $2,500 per year on fuel alone.

Comparison at a Glance

Ready to make the switch?

The era of the “Affordable Tesla” has officially arrived in Canada. Whether you want the utility of the Model Y or the sleek efficiency of the Model 3, you are getting the best price-to-performance ratio in the industry.

Claim your referral benefits and order your Tesla today:

👉 Order via this Referral Link to get 3 Months of FSD & Perks