The GST/HST holiday begins Saturday | CBC News

Dec 12, 2024 · Saturday marks the beginning of the Liberal government's two-month GST/HST holiday that it says will give Canadians a break on the cost of some essential goods. Bill C-78, …

CouponFollow Extension

$1
OFF

What The GST Holiday Means For Consumers - CBC.ca

3 weeks from now

Nov 25, 2024 · The tax holiday will cost the federal treasury an estimated $1.6 billion in foregone revenue, and the $250 cheques will cost about $4.68 billion, a Department of Finance official …

cbc.ca

FAQs about The GST/HST holiday begins Saturday | CBC News Coupon?

Will Canada lift GST on essential goods before Christmas?

Prime Minister Justin Trudeau's government is lifting the GST/HST from some essential items for a two-month period before and after Christmas. (Chris Young/Canadian Press) Saturday marks the beginning of the Liberal government's two-month GST/HST holiday that it says will give Canadians a break on the cost of some essential goods. ...

Is the GST/HST holiday affecting small businesses?

Saturday marks the beginning of the Liberal government's two-month GST/HST holiday, aimed at giving Canadians a break on the cost of some essential goods like groceries. But some small businesses say the temporary tax break has been frustrating for them to transition to. CBC’s Michelle Song has more. ...

What is the 'GST holiday'?

The “GST holiday” will apply on certain groceries, alcoholic beverages and children’s clothing and footwear, among other items. Many retailers are scrambling to comply with the new rules, the CFIB says, arguing that they did not have enough time to get ready for the tax break. ...

Are small retailers preparing for GST holiday?

With the federal government's GST holiday kicking in Saturday, small retailers say they're preparing as best as they can for what could be a period of shopping chaos. ...

Will GST be waived during the holiday season?

The federal government announced the plan to temporarily waive the five per cent goods and services tax in a bid to help ease affordability concerns during the holiday season. Provinces with a harmonized provincial and federal sales tax will see the full HST waived. ...

Will Trudeau's GST/HST break help retailers and small businesses?

Some retailers and small businesses are already frustrated and confused by the Trudeau government's temporary GST/HST break. They say the expected savings for consumers likely won’t lead to enough extra sales to make the added paperwork worth the trouble. Basu said he doesn't think the GST break will be helpful for most people. ...