The province is planning to temporarily remove Harmonized Sales Tax (HST) for buyers of new homes.
Premier Doug Ford announced the plan Wednesday at a news conference in Mississauga, saying the full 13 per cent tax will be removed for new homes valued up to $1 million from April 1, 2026 to March 31, 2027.
For homes valued up to $1.5 million the temporary measure would see them qualify for the maximum $130,000, decreasing proportionally to homes valued at $1.85 million, which would qualify for a $24,000 rebate, said the release.
Sounds like it will be a windfall for the rich.
