Canada Eliminates GST for First-Time Homebuyers

• Canada is in a housing crisis with high demand, low supply, and high prices.
• The government will eliminate the GST for first-time homebuyers on homes under $1 million.
• This will save Canadians up to $50,000.
• The government will announce more measures to increase housing supply.
• The Prime Minister is focused on lowering costs and building a strong economy.

Source: pm.gc.ca

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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