In a move to provide some relief during the holiday season, Prime Minister Justin Trudeau has announced a two-month GST holiday on a variety of essential items for Canadians. Starting on December 14, the Goods and Services Tax will be temporarily lifted on groceries, kids’ clothing, footwear, diapers, restaurant meals, snacks, beer, wine, prepared foods, children’s toys, books, print newspapers, puzzles, and even Christmas trees. Trudeau emphasized that this tax break will provide Canadians with savings on a wide range of goods and services.
In addition to the GST holiday, Canadians who earned up to $150,000 in 2023 will also be receiving a $250 cheque in April. This financial assistance is aimed at helping those who may have been financially impacted by the ongoing pandemic and can provide some much-needed support during these challenging times. Trudeau’s announcement comes as a welcome relief for many Canadians who are looking for ways to stretch their budgets during the holiday season.
The temporary GST cuts on essential items and the financial assistance for eligible Canadians showcase the government’s commitment to supporting its citizens during these difficult times. By providing relief on everyday essentials and offering financial assistance to those who need it most, the government is taking proactive steps to help Canadians navigate the economic challenges brought on by the pandemic.
Overall, Trudeau’s announcement of the two-month GST holiday and the $250 cheque for eligible Canadians has been met with positive reception from the public. Many are appreciative of the government’s efforts to provide some financial relief during the holiday season and are looking forward to taking advantage of the temporary tax break on essential items. As Canadians prepare to celebrate the holidays and ring in the new year, the GST cuts and financial assistance will undoubtedly make a difference in many households across the country.
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Video “Trudeau announces 2-month GST cuts to food, holiday items, beer and more | FULL” was uploaded on 11/21/2024 to Youtube Channel Global News