Canada Announces Temporary GST/HST Holiday for Select Items, Effective December 2024

• Canada government announced a GST/HST holiday from 14 December 2024 to 15 February 2025
• No GST/HST will be charged on eligible items like children’s clothing, footwear, printed books, toys for children under 14, and restaurant services
• Items must be fully paid for and delivered within the relief period to qualify
• The holiday applies to both retail and wholesale purchases
• Adjustments made to the Excise Tax Act to temporarily zero-rate qualifying goods and services
• GST/HST registrants can claim input tax credit on expenses for providing zero-rated supplies
• Zero-rating measure effective from 14 December 2024, also applies to contracts made before this date if conditions are met
• GST/HST relief also applies to the importation of qualifying goods during the relief period
• Information provided by Deloitte Canada, intended as an information service not professional advice

Source: taxathand.com

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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