- Conservative Leader Pierre Poilievre promises to abolish GST on new homes under $1 million if his party forms government
- He argues that governments are partly to blame for high home prices due to charging too much in sales taxes
- The Conservatives estimate the tax cut will reduce the cost of an $800,000 home by $40,000 and spur construction of 30,000 homes per year
- Poilievre plans to pay for the tax cut by scrapping Liberal housing policy, including the housing accelerator fund
- The Liberal government scrapped GST charges on new apartment builds last year, but the NDP and Conservatives would only keep that cut for affordable or below market price rentals.
Source: cjme.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.
