Canada’s Tax Breaks: GST/HST Exemption and Working Canadians Rebate for More Money in Your Pocket

• Canada is providing tax breaks for individuals, including a temporary GST/HST exemption
• The tax break will apply to essentials like groceries, snacks, children’s clothing, and more
• The tax break is projected to last until February 15, 2025
• Working Canadians will receive a rebate of $250 if they earned up to $150,000 in 2023
• The government is encouraging quick and unanimous passage of the legislation to provide more money in the pockets of Canadians
• The tax break and rebate aim to help Canadians afford the things they need and save for the things they want during the holiday season and beyond.

Source: pm.gc.ca

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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