Start Date: 2024-11-23
End Date: 2024-11-29

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GST Tax Break on Holiday Essentials

The Government of Canada announced a significant GST/HST tax break on various holiday essentials, effective from December 14, 2024, to February 15, 2025. This legislative move includes tax exemptions on groceries, restaurant meals, prepared foods, beer and wine under 7% ABV, children's clothing and toys, books, and Christmas trees. The initiative aims to ease the financial burden on Canadians during the holiday season. Retailers, particularly in food and clothing sectors, will need to adjust point-of-sale systems to accommodate these changes.

Sources: ['Announcements: www.canada.ca', 'Announcements: www.canada.ca', 'Announcements: www.canada.ca', 'Announcements: www.canada.ca', 'Social Media: x.com']