Enacting a GST holiday on new apartment construction is intended to benefit the middle class, Housing Minister Sean Fraser said yesterday. MPs took up Second Reading debate on the tax measure in Bill C-56 An Act To Amend The Excise Tax Act.

“It is important that we advance measures that are going to increase the supply for middle class households in this country,” said Fraser. “When we add more supply to the market we can actually bring down the cost of homes across the country that people can afford.”

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