Provincial government wants a removal of all tax related to new rental housing builds

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Friday, 15 September 2023 12:00

By Tonya Organ

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Deputy Premier and Finance Minister Siobhan Coady has written to federal Finance Minister Chrystia Freeland and Housing Minister Sean Fraser. Coady asked for the removal of the Harmonized Sales Tax, which includes federal and provincial taxes.

The provincial government wants to see the removal of federal and provincial tax on new rental housing builds in Canada to help alleviate the current housing crisis. Deputy Premier and Finance Minister Siobhan Coady has written to federal Finance Minister Chrystia Freeland and Housing Minister Sean Fraser. Coady asked for the removal of the Harmonized Sales Tax, which includes federal and provincial taxes. Budget 2023 announced a new, three-year, $70 million Affordable Rental Housing Program to build over 850 new rental homes, which was launched in June.

 

 

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