Just in time for the Christmas season, the federal government is pausing GST and HST on several types of purchases in order to help Canadians save money, starting December 14th.
In an announcement on Thursday, November 21st, Prime Minister Justin Trudeau announced the country-wide tax break that will pause government taxes for consumers in several sectors.
This new tax break will apply to:
- Prepared foods, including vegetable trays, pre-made meals and salads as well as sandwiches
- Restaurant meals, whether dine-in, takeout or delivery
- Snacks, including chips, candy and granola bars
- Beer, wine, cider and pre-mixed alcoholic beverages below 7% ABV
- Children’s clothing and footwear, car seats and diapers
- Children’s toys, such as board games, dolls and video game consoles
- Books, print newspapers and puzzles for all ages
- Christmas trees
Additionally, the Prime Minister announced another handout, the Working Canadians Rebate, which will provide all working Canadians a $250 cheque in early spring of next year.
“Our government can’t set prices, but we can give Canadians, and especially working Canadians, more money back in their pocket,” said Prime Minister Trudeau
“With a tax break for all Canadians and the Working Canadians Rebate, we’re making sure you can buy the things you need and save for the things you want.”
These tax breaks will take effect beginning December 14th and will continue through until February 15th, 2025.
