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Old 03-21-2025, 04:43 PM   #22528
woob
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OK so the Building Homes Not Bureaucracy Act the CPC put forward had the following (summary):
(a) establish a target for the completion of new homes in high-cost cities that increases 15% every year and ties federal infrastructure funding allocated to high-cost cities to that target;

(b) provide for the reallocation of $100 million from the Housing Accelerator Fund to municipalities that greatly exceed housing targets;

(c) require that federal transit funding provided to certain cities be held in trust until high-density residential housing is substantially occupied on available land around federally funded transit projects’ stations; and

(d) make it a condition for certain cities to receive federal infrastructure and transit funding that they not unduly restrict or delay the approval of building permits for housing.

It also amends the Canada Mortgage and Housing Corporation Act, the National Housing Act and the Excise Tax Act in order to

(a) eliminate executive bonuses unless housing targets are met and to reduce executive compensation if applications for funding for new housing construction are not treated within an average of 60 days; and

(b) provide a 100% GST rebate on new residential rental property for which the average rent payable is below market rate.

So while it's easy to say the Liberals voted against removing GST from housing sales, one with a little more critical thinking skills could surmise that maybe they voted against this act due to other items in the act they did not agree with. At the end of the day, yes it was a party line vote. No surprise there. But to be all "the Liberals JUST voted against removing GST from home sales" is grossly simplifying the argument. Not that I expect much more from certain posters on this board.

https://www.parl.ca/legisinfo/en/bil...6?view=details
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