Last week, the Trudeau government announced a series of new affordability measures over the holiday period, including a two-month 'GST holiday' on some items beginning on Dec. 14.
Ontario’s finance minister has announced the province will match a holiday tax break announced by the federal government, removing its provincial sales tax on the same items.announced a series of new affordability measures over the holiday period and into the new year, including a two-month “GST holiday” on some items beginning on Dec. 14.
On Wednesday, Ontario Finance Minister Peter Bethlenfalvy said that “following extensive discussions” with Ottawa, his government would remove the provincial sales tax on items that aren’t already tax-exempt.“The provincial government will match the federal government’s two-month GST holiday by removing PST from items not currently covered by existing provincial rebates, providing nearly $1 billion in additional relief for Ontario families,” Bethlenfalvy said in a statement.
Instead, she spoke about the positive boost that the proposed “tax holiday” would have on consumers and small businesses who are currently struggling with high costs.Should Ottawa include seniors in its $250 rebate plan?The holiday will see the cost of some things like beer or restaurant bills lowered for two months as a result. Basic grocery and food items are already tax-exempt.
That announcement came weeks after Ontario said it would send all residents, regardless of income, a cheque worth $200.
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