Government delivering a tax break for all Canadians and cracking down on short-term rentals
News release
December 3, 2024 – Ottawa, Ontario – Department of Finance Canada
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, highlighted how the government is putting more money in your pocket.
First, the Deputy Prime Minister and Minister of Finance highlighted that Bill C-78, the Tax Break for All Canadians Act, has been adopted by the House of Commons. The Bill is now before the Senate, and one step closer to HST/GST being exempt on essentially all food and many holiday essentials, giving Canadians real relief at the cash register.
Starting December 14, and until February 15, 2025, the following items will be tax-free:
- Prepared foods, including vegetable trays, pre-made meals and salads, and sandwiches;
- Restaurant meals, whether dine-in, takeout, or delivery;
- Snacks, including chips, candy, and granola bars;
- Beer, wine, and cider;
- Pre-mixed alcoholic beverages of not more than 7 per cent ABV;
- Children’s clothing and footwear, car seats, and diapers;
- Children’s toys, such as board games, dolls, and video game consoles;
- Books, print newspapers, and puzzles for all ages; and,
- Christmas trees and similar decorative trees.
By providing a tax break for all Canadians, the government is making essentially all food tax-free, which will put between $100 and $300 more in workers pockets on a basket of $2,000 in purchases over the next two months.