Calgary small businesses are divided on the impact of Canada's recent Goods and Services Tax (GST) holiday as it comes to an end. Some saw an increase in sales, while others reported little change.
As Canada 's Goods and Services Tax (GST) holiday comes to an end on Saturday, small businesses in Calgary are assessing its impact. While some owners reported a boost in sales during the tax-free period, others noted minimal changes. The holiday, which exempted most goods and services from the 5% GST for a month, aimed to provide relief to consumers and stimulate economic activity.
One Calgary entrepreneur, who operates a clothing boutique, observed a significant increase in foot traffic and sales during the holiday. She attributed the rise to the tax savings, which allowed customers to purchase more items without breaking the bank. However, another business owner, who runs a local cafe, said the impact of the GST holiday was negligible. He explained that his clientele tends to consist of regular customers who are less price-sensitive and are more likely to visit regardless of temporary tax breaks. The cafe owner also pointed out that the holiday's short duration may not have been sufficient to generate a substantial change in sales. Ultimately, the effectiveness of the GST holiday in Calgary remains a topic of debate among small business owners. Some saw it as a valuable opportunity to attract new customers and boost revenue, while others found its impact to be minimal
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