According to source, the federal government is set to eliminate the Goods and Services Tax (GST) for new rental property construction.

Today, a senior government source disclosed that Prime Minister Justin Trudeau is poised to declare the removal of the Goods and Services Tax (GST) on the construction of new rental apartment buildings in Ottawa. The source, who requested anonymity to safeguard the confidentiality of this yet-to-be-public information, made this revelation.

This pivotal alteration is expected to reduce the expenses associated with labor and construction materials for homebuilders. It constitutes one of the key elements of an upcoming affordability announcement that Prime Minister Trudeau is slated to deliver later today.

This announcement marks the conclusion of the Liberal caucus retreat held in London, Ontario, where Members of Parliament (MPs) convened to devise their strategy for the forthcoming return of Parliament next week. The retreat has drawn participation from the majority of the party’s 158 MPs. During this gathering, Prime Minister Trudeau has emphasized his commitment to listening to the concerns and feedback of constituents.

It’s worth noting that the Liberals have been grappling with declining poll numbers, reflecting public sentiment that the Conservative party might be better suited to address issues related to affordability and housing concerns.