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Ontario, British Columbia and Newfoundland and Labrador said they will eliminate provincial sales tax on new rental construction, but Quebec will not, saying it would be too costly. [ 14 ] The president of the GTA 's Building Industry and Land Development Association said the tax was "a barrier for purpose-built rentals" and its removal "is a ...
The First Time Home Buyers Tax Credit is also available in Ontario, which offers First Time Home Buyers a 750 dollar tax Rebate. In 2017 the Ontario Government also released the Land Transfer Tax Rebate, which allowed for up to 4,000 dollar rebate – ensuring that first time home buyers of homes valued under 368,000 dollars would not pay land ...
Create a Monthly Grocery Rebate; Forcing large retailers to publicly post when they raise prices more than two per cent in a week. New watchdog to enforce competition laws and keep food prices fair. [79] Double ODSP payments. [80] Taxation Cut the income tax rate for the middle-class. [81] Eliminate sales tax (HST) on home heating and hydro bills.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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The Ontario Ministry of Municipal Affairs and Housing Archived 19 August 2010 at the Wayback Machine has begun encouraging private sector housing developers to increase the energy efficiency standards of new homes. Other programs include: A three-year review of Ontario's building code to upgrade the energy efficiency performance of Ontario ...
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