The Canadian Department of Finance Nov. 19 opened a consultation on draft legislative and regulatory changes to exempt GST on the construction of new student residences, as announced in Budget 2024. The proposal includes measures to: 1) provide the exemption for public colleges, school authorities, and specified universities; and 2) also apply the exemption to the provincial component of the harmonized sales tax (HST) in the four provinces of Ontario, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island. Comments are due Jan. 20, 2025. [Canada, Department of Finance, 11/19/24]
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