- Canada’s Prime Minister announced the elimination of GST for first-time homebuyers on homes at or under CAD 1 million.
- This tax cut will save Canadians up to CAD 50,000.
- The government aims to lower costs for Canadians and make homeownership more accessible.
- The initiative is expected to spur housing construction across the country.
- New measures to increase housing supply will be announced soon.
- The goal is to address the housing crisis and make housing more affordable.
Source: regfollower.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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