Trudeau announces two-month partial GST holiday, $250 cheques for many Canadians

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Trudeau announces two-month partial GST holiday, $250 cheques for many Canadians
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The federal goods and services tax will be lifted on a long list of items, many of which are popular items over the holidays

Christmas trees, kids' toys and restaurant meals are among the items that Canadians will no longer have to pay sales tax on, Prime Minister Justin Trudeau announced Thursday as he also said his government would send many Canadians $250 cheques in the mail next year.

In a Thursday press conference, the government also said that in provinces where the provincial and federal sales tax is harmonized the entire sales tax will be lifted on the same items. The NDP have said they will support the multibillion affordability policies announced by the Liberals. However, on Thursday, the New Democrats said they will not vote with the minority government to also end the filibuster in the House of Commons. Instead NDP spokesperson Erin Morrison said the party will agree to adjourn the document debate for a single day in order to pass the legislation required to briefly lift the GST and issue the $250 cheques.

People who qualify must have earned a net individual income of up to $150,000. To be eligible Canadians must have filed their 2023 taxes by the end of 2024.

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globebusiness /  🏆 31. in CA

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