Mar 20, 2025 7:56 PM - Connect Newsroom
Prime Minister Carney today announced that the Government of Canada will eliminate the GST for first-time homebuyers on homes at or under $1 million.
This tax cut will save Canadians up to $50,000.
By eliminating the GST, Canadians will face lower upfront housing costs and keep more money in their pocket.
Eliminating the GST will also have a dynamic effect on increasing supply – spurring the construction of new homes across the country.