Close X
Friday, November 22, 2024
ADVT 
National

The winners and losers of the Liberals' holiday tax break and cash giveaway

Darpan News Desk The Canadian Press, 22 Nov, 2024 12:51 PM
  • The winners and losers of the Liberals' holiday tax break and cash giveaway

The Liberal government is pulling out the federal wallet to put more money into people's pockets over the holidays, but its recently announced affordability measures create winners and losers.

Prime Minister Justin Trudeau announced on Thursday that the federal government will remove the goods and services tax on a slew of items for two months, starting Dec. 14. 

But in provinces where the provincial and federal sales taxes are blended together into a harmonized sales tax, Canadians will get a larger break. 

The federal government also plans to send $250 cheques to Canadians who were working in 2023 and earned up to $150,000.

That means Canadians who were not working in 2023, including those who were receiving social assistance or were in retirement, will not be sent a cheque in April. 

In the House of Commons on Friday, NDP MP Peter Julian called the government out for not including Canadians with fixed incomes.

"Why are Liberals excluding seniors and people with disabilities from the real help they need this holiday season? Why won't Liberals help them, too?" Julian asked during question period. 

At a news conference on Friday, Trudeau said that the federal government has already stepped up to help the most vulnerable Canadians and that it is now time to give a hand to workers.

"Over the past number of years, we have been extraordinarily present in helping the most vulnerable Canadians," Trudeau said, mentioning the boost to old-age security for seniors aged 75 and older and the Canada Child Benefit. 

"But as I travel across the country, I do regularly hear from working Canadians who are having trouble making ends meet, but saying, 'look, I don't have kids. I'm not a senior yet, and I'm facing challenges.'"

The GST break, which is expected to cost the federal government $1.6 billion, will apply to a number of items including children's clothing and shoes, toys, diapers, restaurant meals and beer and wine.

It also applies to Christmas trees — both natural and artificial — along with a variety of snack foods and beverages, and video game consoles.

Meanwhile, 18.7 million people will receive a check this spring, costing the government about $4.7 billion.

MORE National ARTICLES

Canada Post losses top $300M as strike enters second week

Canada Post losses top $300M as strike enters second week
Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market — while an ongoing strike continues to batter its bottom line. The Crown corporation said Friday it lost $315 million before tax in the third quarter, larger than its $290 million loss a year earlier.

Canada Post losses top $300M as strike enters second week

3rd deer infected with chronic wasting disease

3rd deer infected with chronic wasting disease
A new case of chronic wasting disease, an incurable illness that has the potential to decimate deer populations, has been identified in British Columbia. The B.C. Ministry of Water, Land and Resource Stewardship said the discovery of the infection in a white-tailed deer hunted in the Kootenay region last month brought the total number of confirmed cases in the province to three, after two cases were confirmed in February. 

3rd deer infected with chronic wasting disease

Next storm looms as B.C. cleans up from bomb cyclone. What's behind the foul weather?

Next storm looms as B.C. cleans up from bomb cyclone. What's behind the foul weather?
A new storm system is bearing down on British Columbia and is expected to bring another blast of potentially damaging winds, as the province continues to clean up from this week's powerful bomb cyclone. Environment Canada has issued a fresh round of special weather statements ahead of the storm's expected arrival on Friday, covering Vancouver Island, the Sunshine and Central coasts, and Howe Sound where winds up to 90 km/h are forecast.

Next storm looms as B.C. cleans up from bomb cyclone. What's behind the foul weather?

Car theft in Prince George

Car theft in Prince George
Prince George R-C-M-P want to identify a suspect in a theft on Monday from a car in a local parking lot. Police say he a took a bag containing clothing and other personal items worth over one-thousand-dollars in the lot in the 300-block of Victoria Street.

Car theft in Prince George

Early ski season for resorts

Early ski season for resorts
Several ski resorts across B-C -- including Whistler-Blackcomb, Big White and Cypress Mountain -- are starting their season early thanks to fresh powder. Big White says the resort outside Kelowna is set to open tomorrow, six days ahead of schedule, with an alpine base of 104-centimetres.

Early ski season for resorts

Cariboo Gold Mine in Wells gets approval, but a First Nation is opposed

Cariboo Gold Mine in Wells gets approval, but a First Nation is opposed
An operating permit has been granted for the Cariboo Gold Mine in central British Columbia, a project that's expected to process 1.1 million tonnes of gold-bearing ore a year but is still opposed by a First Nation. The B.C. government says in a news release that Barkerville Gold Mines, owned by Osisko Development Corp., was issued the permit for the underground mine in a process that took 13 months to complete. 

Cariboo Gold Mine in Wells gets approval, but a First Nation is opposed