Conservative leader Pierre Poièvre has promised to scrap GST on new homes sold for less than $1 million if his party wins the next federal election.
Pledge extends Conservative promise to remove GST on new homes with below-market rental prices
Conservative leader Pierre Poièvre has promised to scrap GST on new homes sold for less than $1 million if his party wins the next federal election.
Conservative Party Leader made an announcement In a campaign-style video posted online early Monday morning, the company plans to hold a media event in Ottawa at 10 a.m. ET to provide more information.
The Conservatives claim the measure would save Canadians $40,000 on the purchase of an $800,000 home and encourage the construction of an additional 30,000 homes in Canada each year.
This announcement is based on previous vows Poièvre proposed eliminating GST on the construction of new housing with below-market rental prices.
Last September, the Liberal government announced it would remove GST on new rental housing projects.
It said the decision means someone buying a two-bedroom rental unit worth $500,000 would receive a tax break of about $25,000.
About the author
