Conservative Leader Pierre Poilievre has pledged to remove the federal sales tax (GST) from new homes under $1 million if his party forms government.
Poilievre made the announcement at a press conference in Ottawa on Oct. 28, saying that cutting the GST on the purchase of an $800,000 home would save more than $40,000, or $2,200 per year, in mortgage payments. He said provincial governments would also be encouraged to remove the sales tax from new home sales.
