Exciting News: A GST Holiday and Cash Rebates for Canadians!

Great News on GST Holiday!

Hey there, fellow Canadians! We just got some fantastic news that’s bound to make the holiday season even more enjoyable. The Trudeau government has announced a two-month GST holiday, running from December 14, 2024, to February 15, 2025. This break applies to a variety of goods and services, making it a perfect time to stock up on your favorite items.

What’s Included in the GST Holiday?

So, what exactly does this GST holiday cover? Well, it includes prepared foods, restaurant meals, snacks, and even alcoholic beverages with an ABV of less than 7%. If you have children, you’ll be happy to know that children’s clothing and toys are also part of the mix. Plus, book lovers can rejoice as books are included in this exciting offer! And let’s not forget about the holiday cheer—with Christmas trees also enjoying this brief tax break, how can you say no to getting one?

Cash In Your Wallets: $250 Cheques for Canadians!

But wait, there’s even more good news! In addition to the GST holiday, the government is rolling out $250 cheques as part of the “Working Canadians Rebate.” This initiative is aimed at 18.7 million Canadians who worked during 2023 and earned $150,000 or less. It’s a wonderful way to provide some extra cash in your pocket, right when you need it most. These cheques will be distributed in early spring 2025, so it’s just a little something to look forward to after the festivities have wound down.

As the holiday season approaches, it's reassuring to know that the government is taking steps to ease financial burdens. The GST holiday will help your hard-earned dollars stretch a little further, especially with the rising costs of living. And when those $250 cheques roll in, it’ll be like finding a little treasure in your mailbox!

Whether you plan on treating yourself to a nice meal out or grabbing some gifts for your loved ones, make sure to take full advantage of these benefits. Let's get ready to enjoy a more affordable holiday season together!

Source: Trudeau government to send $250 cheques to most people, slash GST on some goods | CBC News