The Liberals' GST holiday bill, offering a two-month tax break on dozens of items including children's clothes, toys, video games, and more, passed the House of Commons. The break will take effect on December 14, 2024, and run until February 15, 2025, aimed at easing holiday period affordability concerns.
OTTAWA — The Liberals' GST holiday bill is one step closer to becoming law after it was passed by a majority of the House of Commons late Thursday night.
The legislation to enact the tax break was the first bill passed through the House of Commons since late September, and required some procedural wrangling from the Liberals and the NDP to curtail the usual debate. "This is an inflationary, two-month temporary tax trick that will drive up the cost of living," Poilievre said.
In a statement on Thursday afternoon, NDP Leader Jagmeet Singh accused Poilievre of"bootlicking for billionaires." Green Party Leader Elizabeth May said the measure is"transparently a vote-buying scheme," but said she was struggling with how to vote because so many Canadians need help.May, who was the only party leader in the House of Commons during the late-night debate, voted in favour of the bill.
Other provinces will only save the five per cent GST unless those governments choose to lift their provincial sales taxes as well.
GST HOLIDAY CANADA HOUSE OF COMMONS TAX BREAK HOLIDAY PERIOD
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