- Canadian Department of Finance opened consultation on draft legislative and regulatory changes to exempt GST on construction of new student residences
- Proposal includes exemption for public colleges, school authorities, and specified universities
- Exemption also applies to provincial component of HST in Ontario, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island
- Comments due by Jan. 20, 2025
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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