Trudeau, Freeland to provide details and announce other cost-saving policies later Thursday
Peter Zimonjic · CBC News · Posted: Sep 14, 2023 10:00 AM MDT | Last Updated: 1 hour ago
The federal government said Thursday it will eliminate the GST on the construction of new rental apartments immediately in an effort to make housing more affordable.
Reporters at the Liberal caucus retreat in London, Ont., were told that the measure is one of a number aimed at bringing down the cost of living that will be announced later in the day.
The announcement will be made by Prime Minister Justin Trudeau and Deputy Prime Minister and Finance Minister Chrystia Freeland.
CBC.ca will be carrying the announcement live at 4 p.m. ET.
The NDP, which has been calling for the federal portion of the GST/HST to be removed from new rental housing, welcomed the move.
A spokesperson for the party told CBC News that the Liberal government should have moved on the idea months ago.