- Canadian government announces GST/HST break on groceries and holiday essentials for two months
- Initiative aims to help families save money during the busy holiday season
- $1.6 billion in tax relief expected for Canadians
- Businesses will automatically remove GST/HST on qualifying purchases starting December 14
- Qualifying goods include children’s clothing, diapers, newspapers, books, Christmas trees, alcoholic beverages, food sold by restaurants, and more
- Important tax considerations for businesses to monitor include implementation of tax holiday, impact on input tax credit claims, and final list of qualifying goods
Source: empirecpa.ca
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
