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Mark Carney: Canadians can save up to $50,000 on first home with new law

Mark Carney: Canadians can save up to $50,000 on first home with new law
Canadians save on first homes

Mark Carney shared that Canadians purchasing their first home may be able to save up to $50,000. The update comes after the passage of law C-4 last week.

With this new legislation, first-time buyers benefit from no GST on new properties priced below $1 million, and reduced GST applies for properties valued between $1 million and $1.5 million.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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