Federal government plans to give $250 cheques to millions of Canadians, cut GST

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Federal government plans to give $250 cheques to millions of Canadians, cut GST
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OTTAWA — Prime Minister Justin Trudeau says his government plans to temporarily lift the federal sales tax off a slew of items just in time for Christmas and send cheques to millions of Canadians this spring.

Trudeau announced the proposed affordability measures in Toronto alongside Finance Minister Chrystia Freeland this morning, ahead of the government's fall economic statement.

Canadians who worked in 2023 and earned up to $150,000 would also receive a $250 cheque in the spring. Last week, the NDP promised it would issue a permanent GST break for essential items if it wins the next election, and on Wednesday Jagmeet Singh said in a statement that his party won a"tax holiday" for Canadians.

The changes proposed by the Liberals will be part of the annual fall economic statement, which will need to pass through Parliament in order to take effect.

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