Poilievre asks provinces to scrap sales tax on new homes under $1M – National

Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

It follows Poilievre’s own pledge last week that if he becomes prime minister, he will axe the federal sales tax on new homes sold for under $1 million.


Click to play video: '‘Living rent-free in his head’: Poilievre, Fraser have rowdy exchange on housing proposal'


‘Living rent-free in his head’: Poilievre, Fraser have rowdy exchange on housing proposal


The Conservatives estimated that measure would reduce the cost of an $800,000 home by $40,000 and spur construction of another 30,000 homes per year.

Story continues below advertisement

Poilievre said last week that he would pay for the federal tax cut by scrapping Liberal housing policies, and in his letter to premiers, he said provincial sales taxes also significantly increase the cost of homes.

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

He tells the premiers he understands that all provinces are different, but that by matching his own promised tax cut on new homes they will save their residents tens of thousands of dollars.

Poilievre has relentlessly attacked the Liberal government over the state of housing affordability, blaming Prime Minister Justin Trudeau for the rapid rise of housing prices and rents since 2015.


&copy 2024 The Canadian Press

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Todays Chronic is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – todayschronic.com. The content will be deleted within 24 hours.

Leave a Comment