- Federal GST/HST relief legislation has been passed in the House of Commons and is expected to become law pending Senate approval
- The legislation sets a GST/HST holiday from December 14, 2024, to February 15, 2025, for select items
- The proposed Working Canadians Rebate, which would provide $250 to eligible taxpayers, was not included in the legislation
- The New Democratic Party is not supporting the rebate unless it is expanded to include seniors and Canadians with disabilities
- The legislation provides clarity on the GST/HST tax break which will zero-rate qualifying items at the point of sale
- Categories of qualifying items include toys for children 14 and younger such as board games, toy sets, and dolls
- Exclusions apply to mixed-use and collectible items like adult Lego sets and collectible dolls
- For the GST/HST relief to apply, full payments on qualifying items must be made between December 14, 2024, and February 15, 2025
- Deposits paid before December 14, 2024, will qualify if the remaining amount is paid and the item is delivered within the specified period
- Delivery terms include items shipped by the seller and arriving at the destination within the holiday period
Source: krp.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.
