Close X
Sunday, December 1, 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

Media veteran tells inquiry of Beijing's influence on local Chinese outlets in Canada

Media veteran tells inquiry of Beijing's influence on local Chinese outlets in Canada
A media industry veteran is telling a public inquiry today the Chinese community in Canada has long been caught in the crosshairs of political discourse, disinformation and propaganda originating from the Chinese Communist Party.

Media veteran tells inquiry of Beijing's influence on local Chinese outlets in Canada

Small businesses to receive five years' worth of carbon rebates in December

Small businesses to receive five years' worth of carbon rebates in December
Owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year, Finance Minister Chrystia Freeland announced on Tuesday. The Finance Department says the federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December.

Small businesses to receive five years' worth of carbon rebates in December

B.C. Greens release tax-heavy platform as Conservatives push nuclear power

B.C. Greens release tax-heavy platform as Conservatives push nuclear power
Green Leader Sonia Furstenau says her party's 72-page platform, which includes doubling existing property tax rates and adding a new two-per-cent tax on homes over $3 million, is aimed at creating "an economy that serves the people" instead of "delivering harm."

B.C. Greens release tax-heavy platform as Conservatives push nuclear power

Police launch hate crime investigation after protesters clash in Vancouver

Police launch hate crime investigation after protesters clash in Vancouver
Police in Vancouver say they've launched a hate crime investigation after a clash between protesters with opposing views on war in the Middle East. They say it happened outside the Vancouver Art Gallery Sunday night. 

Police launch hate crime investigation after protesters clash in Vancouver

Fertility rate in Canada at the lowest

Fertility rate in Canada at the lowest
Statistics Canada says the fertility rate in Canada reached an all-time low in 2023, and the lowest rate was recorded in British Columbia. It says Canada’s fertility rate fell to 1.26 births per woman, joining the cohort of “lowest-low” fertility countries, including South Korea, Spain, Italy and Japan.

Fertility rate in Canada at the lowest

BC Greens to roll out election platform

BC Greens to roll out election platform
The B.C. Green Party is expected to be the first to roll out its complete election platform later today. Leader Sonia Furstenau is scheduled to hold a news conference in Victoria this morning.

BC Greens to roll out election platform