Canada’s GST/HST Relief Legislation Passes, Excludes Tax Rebate

• Federal GST/HST relief legislation has been passed in the House of Commons and is expected to become law pending Senate approval
• The legislation sets a GST/HST holiday from December 14, 2024, to February 15, 2025, for select items
• The proposed Working Canadians Rebate, which would provide $250 to eligible taxpayers, was not included in the legislation
• The New Democratic Party is not supporting the rebate unless it is expanded to include seniors and Canadians with disabilities
• The legislation provides clarity on the GST/HST tax break which will zero-rate qualifying items at the point of sale
• Categories of qualifying items include toys for children 14 and younger such as board games, toy sets, and dolls
• Exclusions apply to mixed-use and collectible items like adult Lego sets and collectible dolls
• For the GST/HST relief to apply, full payments on qualifying items must be made between December 14, 2024, and February 15, 2025
• Deposits paid before December 14, 2024, will qualify if the remaining amount is paid and the item is delivered within the specified period
• Delivery terms include items shipped by the seller and arriving at the destination within the holiday period

Source: krp.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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