
Carney eliminates GST for first-time homebuyers on homes under $1 million
Prime Minister Mark Carney has announced that his government will eliminate the Goods and Services Tax (GST) for first-time homebuyers to address Canada’s housing crisis. “Our government is laser-focused on lowering costs for Canadians and making homeownership a reality,” Carney said in a press release on Thursday. The tax cut applies to homes at or under $1 million and is...