Liberals vow to cut GST for first-time homebuyers purchasing homes for $1M or less
Mar 20, 2025 | 3:34 PM
OTTAWA — Prime Minister Mark Carney says his government will scrap the GST for first-time homebuyers who purchase a home with a sale price at or below $1 million.
Carney promised the measure during his leadership campaign and it also matches a similar promise made by Conservative Leader Pierre Poilievre last fall.
Carney made the announcement in Edmonton just three days before he is widely expected to call a federal election.
Carney says the commitment will save Canadians up to $50,000 on the cost of a home.
