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A Festive Break from Taxes: Navigating the GST/HST Holiday Relief

December 14, 2024
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As the holiday season approaches, the Canadian government is rolling out a GST/HST tax break to make your festivities a little merrier. From December 14, 2024, to February 15, 2025, certain items will be exempt from GST/HST, offering significant savings on everyday purchases. This relief includes a variety of essential and leisure products:

What’s Included?

  • Food and Beverages: Including basic groceries and non-alcoholic beverages.
  • Restaurants: Meals sold for immediate consumption.
  • Children’s Essentials: Clothing, footwear, diapers, and car seats.
  • Toys and Games: Children’s toys, all-age jigsaw puzzles, video game consoles, controllers, and physical games.
  • Educational and Festive Items: Printed books, newspapers, and Christmas trees.

Attention Business Owners!

If you own a business, it’s crucial to verify whether your products are included in this tax break. Ensure that GST/HST is not charged on the exempt items during this period. This compliance is essential for maintaining trust and transparency with your customers.

For a more detailed breakdown and to ensure your business is fully prepared, visit the official government site at Canada.ca.

Let’s make the most of this tax relief by planning our shopping wisely and enjoying the holiday season without the extra tax burden!

If you need help with your tax planning or tax return filing you can always book an appointment with us. Also, you may email your questions and our team would be so happy to help you.

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