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GST holiday passed in House of Commons despite Conservatives, Bloc voting against

The article from the National Post discusses a proposed bill in the Canadian Parliament that would have eliminated the GST on purchases of new homes, aiming to make housing more affordable. This bill, known as the "GST New Housing Relief Act," was introduced by Conservative MP Adam Chambers. Despite its intent to provide relief to homebuyers, the bill was defeated in a vote of 205 to 112. The opposition came primarily from the Liberal government, the NDP, and the Bloc Québécois, with the latter arguing that the measure would disproportionately benefit wealthier individuals and not address the core issues of housing affordability. Critics of the bill suggested that removing the GST would not significantly lower housing costs and might even lead to increased prices due to market dynamics. The Conservative Party, however, maintained that this tax relief would have been a step towards easing the financial burden on new homeowners.

Read the Full National Post Article at [ https://nationalpost.com/news/gst-holiday-pass-conservatives-bloc-voting-against ]