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Federal Government Announces Removing GST from Purpose Built Rentals

September 15, 2023 3:41 PM | Anonymous member (Administrator)

On September 14, 2023, Prime Minister Justin Trudeau announced his government would be removing the GST on construction of new rental apartment buildings.

The federal Liberals originally promised to do this during the 2015 election, however the plan was scrapped.  Trudeau stated they scrapped the promise because it didn't respond to needs at the time.

However, now with increasing housing costs, the federal government feels this move will help making housing more affordable.  The GST would be removed for labour and materials for homebuilders.

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