Finance Minister Chrystia Freeland's bill to create a two-month-long GST holiday is expected to pass today, following an agreement with the NDP to temporarily halt a Conservative filibuster. The bill aims to alleviate financial strain on Canadians after several budget shocks due to high inflation and climate-related supply chain disruptions.
The bill was introduced on behalf of Finance Minister Chrystia Freeland in the House of Commons on Wednesday afternoon, with the help of the NDP to at least temporarily stop debate on a Conservative filibuster.
Liberal Ryan Turnbull, who is Freeland's parliamentary secretary, said during the debate on the legislation Wednesday evening that the goal is to help Canadians after multiple budget shocks from high inflation after COVID-19 and climate disaster-related supply chain disruptions. The difference is because the four Atlantic provinces and Ontario have a harmonized sales tax with Ottawa, which means the entirety of that - 15 per cent in the Atlantic and 13 per cent in Ontario - will be lifted.
GST HOLIDAY FINANCE MINISTER CANADA INFLATION SUPPLY CHAIN DISRUPTIONS
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