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Canada Eliminates GST for First-Time Homebuyers on Homes Under C$1 Million

  • Canada Prime Minister announced the elimination of GST for first-time homebuyers
  • The elimination applies to homes priced at C$1 million or less
  • The announcement was made on March 20

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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