The holiday season could be crucial for restaurants in Central Okanagan, with a federal government incentive to reduce GST aimed at boosting Canadian spending. However, industry leaders question its effectiveness.
2024 has been challenging for restaurants in the Central Okanagan , with several closing or relocating to cheaper areas. The holiday season may be crucial for survival, and a federal government incentive to boost Canadian spending might offer hope. Starting December 14 and lasting until mid-February, meals at restaurants will be temporarily exempt from GST, along with items such as children’s clothing, toys, beer, wine, cider, and Christmas trees.
However, restaurant owner Ian Tostenson is skeptical about the effectiveness of this measure, noting that the savings are minimal and that businesses will face additional costs and complications in adjusting their accounting systems. Tostenson advocates for policies that increase consumers' disposable income to truly revive the restaurant industry
Restaurant Industry Central Okanagan GST Exemption Holiday Season Federal Incentive
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grassroots group brightens holidays for Ukrainian families in B.C.’s OkanaganThis year, the toy drive will support nearly 200 Ukrainian children in the Central Okanagan.
Read more »
Federal government plans to give $250 cheques to millions of Canadians, cut GSTOTTAWA — 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.
Read more »
Federal government plans to give $250 cheques to millions of Canadians, cut GSTOTTAWA — The Liberal 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, Prime Minister Justin Trudeau announced on Thursday.
Read more »
Federal government plans to give $250 cheques to millions of Canadians, cut GSTOTTAWA — 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.
Read more »
Federal government plans to give $250 cheques to millions of Canadians, cut GSTOTTAWA — 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.
Read more »
Manitoba experts weigh federal GST holiday plansThe federal government is planning a 'GST holiday' -- a two-month federal sales tax break on a slew of items.
Read more »