Federal Tax Breaks for Customers

Federal Tax Breaks for Customers

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Federal Tax Breaks for Customers

The Federal Government announced that it will be introducing legislation in Parliament that would provide for a two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) break for groceries and holiday essentials.

The government is proposing that the GST/HST be fully and temporarily relieved on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, to February 15, 2025.

How it Works

Businesses are expected to remove the GST/HST on qualifying goods at checkout as of December 14, 2024.

The GST/HST would also be fully and temporarily relieved on an importation of these same qualifying goods if the goods are imported during the period beginning on December 14, 2024, and ending on February 15, 2025.