Major GST/HST "Tax Break" Announced

The federal government has announced that there will be a tax break from December 14th, 2024 to February 15th, 2025 on a broad range of consumer products, which is estimated will provide $1.6 billion in federal tax relief.

In addition to relieving the 5% GST, the HST component will be also fully removed in Ontario, Newfoundland & Labrador, Nova Scotia, New Brunswick, and Prince Edward Island.

Products Covered

This tax break will generally apply to the following products:

• Restaurants meals whether dine-in, takeout or delivery;
• Beer, wine, cidar and pre-mixed alcoholic beverages below 7% ABV;
• Prepared foods, including vegetable trays, pre-made meals and salads, and sandwiches;