- Two-Month Tax Holiday Announcement: The Canadian Government intends to implement a two-month tax holiday from the Goods and Services Tax (GST) and Harmonized Sales Tax (HST), applicable from December 14 to February 15, 2025.
- Coverage of the Tax Holiday: The holiday will apply to the 5% GST nationwide and the HST in specific provinces (Ontario, Prince Edward Island, Nova Scotia, New Brunswick, and Newfoundland and Labrador), but does not affect the sales taxes in Quebec, British Columbia, Saskatchewan, and Manitoba.
- Exempted Items: The tax holiday will exempt sales and imports of “holiday essentials,” including children’s clothing, car seats, toys, print newspapers, jigsaw puzzles, video game consoles, Christmas trees, restaurant meals, and select food and beverages such as alcohol and bottled water.
Source Sovos
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