Trudeau offering Canadians a temporary tax break on toys, takeout, snacks and more heading into holidays
CTV
Canadians will receive a temporary tax break on essential items, children's clothing and diapers, restaurant and pre-prepared meals and common stocking stuffers, Prime Minister Justin Trudeau announced Thursday. Trudeau also announced a new $250 rebate that will land in spring 2025.
Canadians will soon receive a temporary tax break on essential items, children's clothing and diapers, restaurant and pre-prepared meals and common stocking stuffers, Prime Minister Justin Trudeau announced Thursday.
The two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) break will apply across the country, and is aimed at addressing lingering affordability concerns, according to the federal government.
Among the dozens of consumer goods the government's offering relief between Dec.14 and Feb. 15 are:
The prime minister also announced a new "Working Canadians Rebate," alongside Deputy Prime Minister and Finance Minister Chrystia Freeland, in Toronto.
The pocketbook-focused policy announcement was first reported by The Globe and Mail.
As of Dec. 14, businesses are expected to remove the GST and the HST on qualifying goods at checkout. The HST is only charged in select provinces, including Ontario, Newfoundland and Labrador, Nova Scotia, New Brunswick and Prince Edward Island.
According to the federal government, the tax relief will cost $1.6 billion, and save a family spending $2,000 on qualifying goods $100 over the two-month period.
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