Trudeau Announces Temporary GST and HST Relief

The Canadian government, led by Prime Minister Justin Trudeau, has announced a two-month tax relief initiative that temporarily eliminates the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on a wide range of essential goods from December 14, 2024, to February 15, 2025. This initiative aims to alleviate cost-of-living pressures, particularly during the holiday season, and is expected to provide $1.6 billion in tax relief. Items covered include groceries, restaurant meals, children's clothing, and holiday gifts. Additionally, Canadians who worked in 2023 and earned less than $150,000 will receive a $250 rebate early in 2025. The measure reflects the government's commitment to supporting Canadians financially during tough economic times and requires parliamentary approval. The NDP, led by Jagmeet Singh, supports this temporary measure but continues to advocate for a permanent GST removal on essentials.