Start Date: 2024-11-16
End Date: 2024-11-22

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GST/HST Temporary Relief on Groceries and Holiday Essentials

On November 21, 2024, the Canadian government announced a two-month GST/HST break on groceries and holiday essentials, from December 14, 2024, to February 15, 2025. This initiative is projected to provide $1.6 billion in federal tax relief, impacting sectors such as food retail and restaurant supply. Businesses are expected to adjust pricing at checkout to reflect the absence of GST/HST on qualifying items, enhancing consumer purchasing power during the holiday season. This measure is anticipated to influence consumer behavior and sales patterns in the food and beverage industry.

Sources: ['Announcements: www.canada.ca']