- Canada introduces GST/HST holiday from December 14, 2024, to February 15, 2025, to lower living costs during the holiday season
- The tax exemption applies to holiday essentials including food, children’s goods, and other specific items
- Businesses must remove GST/HST at the point of sale during the specified period without requiring consumers to request a refund
- Eligible products for the tax holiday include food, drinks, restaurant meals, children’s clothing, shoes, diapers, car seats, certain toys, newspapers, printed books, and Christmas trees
- The measure affects retailers, manufacturers, wholesalers, and imported products without distinction
- Quebec will not participate by removing QST, meaning Quebec consumers will still pay QST on these items
- In Ontario and the Maritime provinces, the holiday will apply to the entire amount of the HST
- Raymond Chabot Grant Thornton advisors offer assistance in understanding and applying these measures
- Detailed list of children’s products eligible includes baby bibs, children’s garments up to certain sizes, and accessories like hats and gloves designed for children or babies
Source: rcgt.com
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.
