Aerial (drone) images of condo-apartment construction at 666 Spadina Ave
The move was promised when the federal government first announced in September it would waive the general sales tax on new rental developments. Back then, the province said it would work closely with Ottawa to cut its portion of taxes, which equal eight per cent.Posted: Nov 01, 2023 10:51 AM EDT | Last Updated: 17 minutes ago
The change was first promised in September, when the federal government announced its plans to waive the general sales tax on new rental developments. At the time, the province said it would work closely with Ottawa to cut its portion of taxes, which equal eight per cent. While the changes still needs to be made through legislation, the province said Wednesday it would be retroactive to Sept. 14, when the prime minister made his announcement that changes were coming. The federal government has since introduced legislation that would remove GST changes.
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