An Act to amend the Excise Tax Act (rebate on goods and services tax on new homes)

This bill was last introduced in the 38th Parliament, 1st Session, which ended in November 2005.

Sponsor

Russ Hiebert  Conservative

Introduced as a private member’s bill. (These don’t often become law.)

Status

Not active, as of Nov. 28, 2005
(This bill did not become law.)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Excise Tax ActRoutine Proceedings

November 28th, 2005 / 3:30 p.m.
See context

Conservative

Russ Hiebert Conservative South Surrey—White Rock—Cloverdale, BC

moved for leave to introduce Bill C-463, An Act to amend the Excise Tax Act (rebate on goods and services tax on new homes).

Mr. Speaker, it is a pleasure to rise today to present a private member's bill respecting the GST rebate levied on new housing. The rebate is critical in reducing real estate market price distortions, particularly in my province of British Columbia where prices are reaching record highs.

The bill seeks to increase the bracket at which the GST rebate applies on new housing. The new bracket would account for price inflation, since the GST was first introduced, and would index the rebate to account for future price inflation as well.

(Motions deemed adopted, bill read the first time and printed)