Blog

Descrease article font size Increase article font size Conservative Leader Pierre Poilievre is proposing to scrap the federal sales tax on new build housing, claiming that this will help lower mortgage costs and speed up homebuilding. Poilievre said in a news conference in Ottawa on Monday that as prime minister, he would axe the goods and services tax or harmonized sales tax on new houses that are sold for less than $1 million.Poilievre claimed that this tax cut could save Canadians $40,000 in total or $2,200 per year in mortgage payments on a $800,000 house and help build 30,000 new homes each year.In Canada, homebuyers only have to pay the GST/HST when they purchase a new house directly from the developer.According to the Canada Revenue Age...

By Nojoud Al Mallees The Canadian Press Posted October 28, 2024 7:30 am 1 min read Descrease article font size Increase article font size Justin Trudeau is supposed to respond Monday to a group of Liberal MPs demanding his resignation as party leader, but the prime minister has already made his plans clear. At a Liberal caucus meeting Wednesday, 24 MPs delivered a letter to Trudeau asking him to resign and giving him until Monday to respond.But the prime minister told reporters the next day that he plans to stay on at the party helm. 1:43 ...