Fri, November 29, 2024
[ Fri, Nov 29th 2024 ]: Brian Stokes
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Trudeau Liberals' two-month GST holiday bill passes the House, off to the Senate

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The federal government's five-page piece of legislation to enact Prime Minister Justin Trudeau's promised two-month tax break on a range of consumer goods over the holidays passed in the House of Commons late Thursday.
The article from CTV News discusses a proposed bill in the Canadian House of Commons that would implement a two-month GST holiday, temporarily removing the Goods and Services Tax (GST) from purchases. This initiative, expected to pass with the support of the Liberal government and the NDP, aims to provide financial relief to Canadians amidst rising living costs. However, the Conservative Party has announced their opposition to the bill, arguing that it does not address the root causes of inflation and might even exacerbate it. The GST holiday is part of a broader economic strategy by the Liberals to help with affordability, but critics, including the Conservatives, believe it's a superficial solution that fails to tackle underlying economic issues. The bill's passage would mean that from July to August, consumers would not pay GST on their purchases, potentially saving them money during the summer months.

Read the Full CTV News Article at [ https://www.ctvnews.ca/politics/two-month-gst-holiday-bill-expected-to-pass-the-house-today-conservatives-to-vote-against-1.7126366 ]