Canada Announces Temporary Tax Relief and Rebate Program Amid Affordability Concerns
Prime Minister Justin Trudeau unveiled a comprehensive tax relief package Thursday, introducing both a temporary removal of federal sales tax on essential items and a one-time rebate payment for working Canadians. The measures aim to address ongoing affordability challenges facing Canadian households. Starting December 14 through February 15, Canadians will enjoy a break from the Goods and Services Tax/Harmonized Sales Tax (GST/HST) on a wide range of consumer goods. The tax relief applies nationwide, with enhanced savings in provinces using the harmonized system (Ontario, Newfoundland and Labrador, Nova Scotia, New Brunswick, and Prince Edward Island). The tax holiday covers numerous everyday items including restaurant meals for dine-in, takeout, and delivery; pre-prepared foods and platters; bakery items and desserts; snack foods and beverages; children's items such as clothing, footwear, car seats, and diapers; entertainment items including video games, consoles, board games, […]