Tax holiday in Canada begins Saturday

 

 

 

The Liberal government in Canada will begin a GST/HST holiday on Saturday. The government announced plans last week to cut federal sales tax on many items, including food and restaurant meals, and provide more than 18.7 million Canadians with $250 in the spring. The proposed GST holiday will last two months.

The plan will provide significant relief to Canadians on the cost of some essential goods. The bill implementing the tax break passed the Senate and was approved on Thursday. Customers do not have to do anything to get the tax break. GST or HST will not be charged at the time of purchase. The tax holiday will apply throughout the supply chain. In provinces that have implemented the Harmonized Sales Tax (HST), this tax will also not be charged at the time of purchase. Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island have unified sales taxes.