Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre have both proposed eliminating the GST on new builds. But will it help Canadians afford a home?
Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre have both pledged to eliminate the Goods and Services Tax (GST) on new homes to address housing affordability concerns, a top voter issue. Carney's plan targets first-time homebuyers for homes under $1 million, while Poilievre's plan removes the GST for newly built homes under a certain value. Currently, a 5% GST/HST applies to new construction homes unless the fair market value is under $450,000.
