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Liberals and NDP pass bill to enact 2-month GST break from December 14 to February 15


Published on 2024-11-29 16:00:38 - Brian Stokes, N@N
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  • That announcement in P-E-I comes on the heels of the first piece of legislation the Liberals were able to pass in the House in months. The Tax Holiday Bill takes GST off some items starting in mid-December.

The article from MSN discusses a new legislative measure passed by the Liberal and NDP parties in Canada, which introduces a temporary suspension of the Goods and Services Tax (GST) for a two-month period, from December 14 to February 15. This initiative aims to provide financial relief to Canadians amidst rising living costs. The bill's passage was part of a broader economic strategy to help alleviate some of the financial pressures faced by citizens, especially during the holiday season and into the new year. The GST break is intended to increase disposable income for individuals and families, potentially boosting consumer spending during this period. The article also touches on the political dynamics, noting the cooperation between the Liberals and NDP, which was crucial for the bill's approval.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/liberals-and-ndp-pass-bill-to-enact-2-month-gst-break-from-december-14-to-february-15/vi-AA1uZUqv ]
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