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Trudeau and Freeland Announce GST Elimination for New Rental Apartments to Boost Housing Affordability

In response to the pressing issue of housing affordability, the Canadian federal government has taken a significant step by announcing the immediate elimination of the Goods and Services Tax (GST) on the construction of new rental apartments. This strategic move is part of a broader initiative to make housing more accessible and reduce the cost of living for Canadians.

Reporters attending the Liberal caucus retreat in London, Ontario, received this news, with the assurance that it's one of several measures aimed at addressing the affordability challenge. The official announcement was made by Prime Minister Justin Trudeau and Deputy Prime Minister and Finance Minister Chrystia Freeland.

This development represents a substantial change in policy, as the removal of the GST on new rental housing has been a long-standing demand, particularly from the New Democratic Party (NDP). While the NDP welcomed this decision, they expressed frustration that it had not been implemented sooner.

NDP Leader Jagmeet Singh emphasized the need for quicker action, stating, "These are actions that should have been taken months ago. If they had removed the GST from new affordable rental buildings when we first called for it six months ago, we could have had an entire construction season to get more homes built."

(Also Read: Halifax Regional Police Announces Interim Chief as Dan Kinsella Retires)

Government Response

The pressure on Trudeau's government to respond to the housing shortage has been mounting over recent months. The urgency escalated following the Liberal cabinet retreat in Prince Edward Island, which concluded without the announcement of new measures to address the housing crisis.

To address the housing shortage and make housing more affordable, Trudeau unveiled a separate initiative during his visit to London, Ontario. The city became the first in Canada to enter into an agreement with the federal government under the Housing Accelerator Fund, which was first introduced during the 2021 election campaign and further detailed in the 2022 federal budget.

This fund allocates $4 billion until 2026-27 to stimulate increased homebuilding in urban centers. Under the terms of the agreement with London, the city will receive $74 million in exchange for implementing a series of measures, including changes to local zoning regulations that facilitate the construction of additional rental units.

Federal and municipal officials anticipate that this agreement will lead to the construction of 2,000 housing units within the next three years and will enable the development of "thousands" more units in the subsequent years.

In summary, the elimination of the GST on new rental apartments represents a significant step toward enhancing housing affordability in Canada. This decision, along with other initiatives, aims to provide relief to Canadians grappling with the rising cost of living and housing shortages.

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Canadian Prime Minister and Wife Announce End of 18-Year Marriage

Canadian Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau announced their separation on Wednesday, August 2, 2023. The couple said in statements posted on Instagram that they made the decision after "many meaningful and difficult conversations." They have three children together, Xavier, Ella-Grace, and Hadrien.

The couple said in their statements that they remain "a close family with deep love and respect" for each other. They asked for privacy for the "wellbeing" of their children.

A statement from the prime minister's office said the couple have signed a legal separation agreement. The statement said that the couple will continue to make public appearances together, and that they will continue to work together on their charitable foundation, the Trudeau Foundation.

Justin Trudeau and Sophie Gregoire Trudeau were married in 2005. They met in 2003, when she was a TV host and he was a member of the Liberal Party of Canada. Trudeau became prime minister in 2015.

The couple's separation has come as a surprise to many people. They were seen as one of Canada's most popular couples. However, the couple has been open about the challenges of their marriage in the past. In 2016, Sophie Trudeau spoke about her struggles with postpartum depression.

The couple's separation is a reminder that even the most successful marriages can face challenges. It is also a reminder that public figures are just as human as everyone else. Read more: https://anuporomanunews.com/

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UN Security Council Holds First-Ever Meeting on AI, Warns of Risks, Calls for Regulation

The United Nations Security Council held its first meeting on artificial intelligence on Tuesday, July 19, 2023. The meeting was chaired by British Foreign Secretary James Cleverly, who is the current president of the Security Council.

The meeting focused on the potential risks and benefits of AI for international peace and security. Speakers highlighted the need for global regulation of AI, particularly in the areas of weapons, surveillance, and disinformation.

There is a growing concern that AI could be used to develop autonomous weapons that could kill without human intervention. The UN has called for a ban on such weapons, and many countries are working on developing international norms and standards for the use of AI in warfare.

AI-powered surveillance systems are becoming increasingly sophisticated, and there is a risk that they could be used to violate human rights. The UN has called for safeguards to be put in place to ensure that AI-powered surveillance systems are used in a lawful and ethical manner.

AI is being used to spread disinformation and propaganda, which could have a negative impact on international peace and security. The UN has called for efforts to counter the spread of disinformation, including through the use of AI.

In addition to the potential risks, speakers also highlighted the potential benefits of AI for international peace and security. For example, AI could be used to improve peacekeeping operations, detect and prevent cyberattacks, and track and monitor illegal activities.

The meeting concluded with a call for the international community to work together to develop global regulations for AI. The UN has said that it is committed to playing a leading role in this effort. The meeting on AI was a significant step forward in the international community's efforts to address the potential risks and benefits of this technology. It is clear that the world needs to work together to ensure that AI is used for good and not for harm. Read more news: business news