What Trudeau’s Temporary Tax Relief Means for You”
To help Canadians manage rising costs, the federal government is rolling out temporary tax relief. From December 14, 2024, to February 15, 2025, certain purchases will be GST/HST-free, and eligible Canadians will receive a $250 rebate. Here’s what you need to know.
GST/HST Holiday: What’s Covered?
You won’t pay GST/HST on the following items during this two-month tax break:
Children’s Essentials
- Kids’ clothing: coats, boots, gloves, and hats.
- Baby items: diapers, baby food, and wipes.
Toys and Gifts
- Toys and games: puzzles, board games, and educational sets.
- Small gifts: chocolates, candies, beauty products, and gadgets.
Food and Dining
- Restaurant meals: dine-in and takeout.
- Pre-prepared foods: sandwiches, salads, baked goods.
Other Essentials
- Feminine hygiene products.
- Household basics like cleaning supplies.
One-Time $250 Rebate
Canadians earning $150,000 or less in 2023 will receive a $250 rebate automatically. This is a one-time payment to help with year-end expenses.
How to Maximize Savings
- Shop Smart: Plan holiday shopping and stock up on essentials during the GST/HST holiday.
- Dine Out: Treat yourself to tax-free meals at restaurants.
- Combine Discounts: Pair the tax break with sales for extra savings.
This temporary tax relief is a great opportunity to stretch your dollars during the holiday season. Take advantage while it lasts!
