Tax Holiday

Did Canada’s tax ‘holiday’ boost spending? Data shows little growth – National | Globalnews.ca

David Bale6 hours ago08 mins

With just one week left until Canada’s tax “holiday” ends, new data suggests it may have had little impact in its first month. Moneris looked into spending patterns between Dec. 14, 2024, when the tax “holiday” began and Jan. 15. Comparing the data to the same period in 2023-24, the payment processing firm found no…

Has the GST tax ‘holiday’ helped businesses 1 month in? What retailers say – National | Globalnews.ca

David Bale3 weeks ago08 mins

The federal government’s GST tax “holiday” has been in place for a month and businesses say they’ve seen mixed results when it comes to increases in sales. The “holiday” was announced in late November and goes from Dec. 14 to Feb. 14, with items such as children’s toys, restaurant food, snacks and wine free from…

Will ‘tax holiday’ spur more Canadians to spend? Why some stores doubt it | Globalnews.ca

David Bale2 months ago09 mins

The federal government’s temporary “tax holiday” could deliver narrow savings for consumers, but some small businesses are unconvinced they’ll see any benefits. The two-month tax break comes into effect Saturday, cutting the goods and services (GST) or harmonized sales tax (HST) from dozens of items, including prepared foods and select groceries. The Liberal legislation will…