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    • Poilievre commits to eliminating GST on the purchase of new homes sold for less than million
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    Poilievre commits to eliminating GST on the purchase of new homes sold for less than $1 million

    Umito Posted on

    Policy·New

    Conservative Leader Pierre Poilievre pledges to eliminate the GST on new homes sold for less than $1 million if his party wins the next federal election.

    Commitment extends Conservative promise to eliminate GST on new homes with rental prices below market value

    Peter Zimonjic · Radio-Canada News ·

    A man in a suit gestures with his left hand as he speaks at a podium.
    Conservative Leader Pierre Poilievre says if elected prime minister, his government would introduce a bill to eliminate 100 per cent of the GST on new homes sold for less than $1 million. (Spencer Colby/The Canadian Press)

    Conservative Leader Pierre Poilievre pledges to eliminate the GST on new homes sold for less than $1 million if his party wins the next federal election.

    The Conservative leader made the announcement early Monday morning in a campaign-style video posted online and is hosting a media event at 10 a.m. ET in Ottawa to provide more details.

    Conservatives say the move will save Canadians $40,000 on an $800,000 home and spur the construction of 30,000 more homes in Canada each year.

    This announcement is based on a previous commitment by Poilievre to remove the GST on the construction of any new home where the rental price is below market value.

    In September last year, the Liberal government announced it was removing the GST on new rental housing projects.

    He said the move meant someone buying a two-bedroom rental unit valued at $500,000 would receive a tax break of about $25,000.

    ABOUT THE AUTHOR

    Peter Zimonjic is a senior editor for CBC News. He has worked as a journalist and columnist in London, England, for the Telegraph, the Times and the Daily Mail, as well as in Canada for the Ottawa Citizen, Torstar and Sun Media. He is the author of Into The Darkness: An Account of 7/7, published by Random House.

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