US EditionOttawa will remove GST from new rental construction in response to rising cost of living
- Prime Minister Justin Trudeau is set to announce the removal of the GST on new rental apartment buildings, which will lower costs for homebuilders and address affordability concerns.
- Trudeau's government is responding to slumping poll numbers and concerns about the rising cost of housing by implementing measures that go beyond housing and address the overall cost of living. Trudeau aims to stabilize the housing market and prevent people from losing their homes due to rising rents.
- The announcement is expected to be made alongside Finance Minister Chrystia Freeland, Housing Minister Sean Fraser, and Industry Minister Francois-Philippe Champagne during a retreat attended by Liberal MPs. Climate change has also been a frequent topic of discussion during the retreat.
34 Articles
34 Articles
Ottawa removes GST on new rental housing, leans on grocers to
The Liberal government is dusting off a measure it promised years ago and pulling in other parties' proposals for cheaper groceries and more homes as it struggles to tackle affordability concerns that are top-of-mind for many Canadians.
Ottawa to remove GST on new rental housing, ask grocers to stabilize prices: PM - Castor Advance
The Liberal government is dusting off a measure it promised years ago and pulling in other parties’ proposals for cheaper groceries and more homes as it struggles to tackle affordability concerns that are top-of-mind for many Canadians.
Construction of rental buildings: Ottawa will remove the GST
Justin Trudeau's government will announce this afternoon that it will remove the GST for all construction of new buildings for rent, according to a senior government source. Therefore, developers will not pay federal taxes on materials and labour for the construction of this type of housing.
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