Prime Minister Justin Trudeau’s plan to give Canadians a temporary tax break is “another example of how our government continues to work towards making life more affordable.”
That’s according to Sault Ste. Marie’s MP, Terry Sheehan.
Earlier today, the federal government announced that for a two month period starting December 14, items like prepared foods, some alcoholic beverages and kids clothing would be exempt from GST/HST.
This new tax break will apply to:
- Prepared foods, including vegetable trays, pre-made meals and salads, and 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 per cent 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
Because Ontario is a province with HST, the Department of Finance says a family spending $2,000 on qualifying goods would save $260 throughout the tax break period, which is scheduled to end on February 15.
It was also announced today that Canadians who earned less than $150,000 in 2023 will get $250 through the new Working Canadians Benefit. That money is expected to arrive in bank accounts and mailboxes in early spring.
“This is another example of how our government continues to work towards making life more affordable for workers and everyday Canadians,” said Sheehan in a news release. “The tax exemption will provide meaningful relief to Canadian families throughout the holiday season, as will the $250 rebate in the spring. “
“We know that the past few years have been challenging. While inflation rates are cooling and interest rates are coming down, we are helping families to put a bit more money in their pockets.”