Today was the start of the two month GST "holiday" across Canada.
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Today was the start of the two month GST "holiday" across Canada.
There is a federal department in charge of making sure businesses don't just raise prices for everything by 5%, right?
RIGHT?!
*inserts Anakin Skywalker meme*
#canpoli
#cdnpoli
#gst
#affordability
#inflation
#fakeflation
#subsidy -
ααͺα π¨π¦replied to Chris AlemanyπΊπ¦π¨π¦πͺπΈ last edited by
@chris As much as 15% in HST provinces!
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Chris AlemanyπΊπ¦π¨π¦πͺπΈreplied to ααͺα π¨π¦ last edited by
@jdw I thought it was only the GST portion
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ααͺα π¨π¦replied to Chris AlemanyπΊπ¦π¨π¦πͺπΈ last edited by
@chris Nope. If a province charges pst and pst separately, then yes. But HST provinces get it all off. The provinces can elect to cover the pst portion themselves or get the Feds to pay back the pst portion of the HST to the province. Itβs billions in provincial tax, though, so I doubt any HST province is going to cover that themselves.
https://www.canada.ca/en/services/taxes/child-and-family-benefits/gst-hst-holiday-tax-break.html
