The Canadian government has unveiled a series of measures to alleviate financial pressure on households, providing meaningful tax relief during the winter months and direct support to working Canadians.
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GST/HST Exemption Starting December 14, 2024
From December 14, 2024, to February 15, 2025, Canadians can enjoy tax-free purchases on a range of essential and everyday items under the temporary GST/HST exemption. This measure aims to ease costs for families during the holiday season and beyond.
Eligible items include:
- Prepared Foods: Vegetable trays, salads, sandwiches, and pre-made meals.
- Snacks: Chips, candy, granola bars, and more.
- Alcoholic Beverages: Beer, wine, cider, and pre-mixed drinks with less than 7% ABV.
- Children’s Items: Clothing, footwear, car seats, diapers, and toys.
- Other Essentials: Books, print newspapers, puzzles, and even Christmas trees.
This initiative is expected to save Canadians significant amounts on everyday purchases, especially during a season traditionally associated with high expenses.
The $250 Working Canadians Rebate
Starting in early spring 2025, Canadians who worked in 2023 and earned up to $150,000 in individual net income may receive a one-time, tax-free $250 rebate. Eligibility criteria include filing a 2023 tax return by December 31, 2024, and either claiming credits for CPP/QPP contributions, EI/QPIP premiums, or reporting income from these programs.
The rebate will automatically be delivered via direct deposit or cheque to an estimated 18.7 million Canadians. This effort directly supports middle-class workers and aims to provide additional financial flexibility.
CPP Payment Dates 2025: Increases & Amounts
OAS Payment Dates 2025: Increases and Amounts Explained
$250 Working Canadians Rebate 2025: Eligibility and Distribution Details
$628 Grocery Rebate in Canada 2024: Your Guide to Relief from Inflation
Wider Government Efforts on Affordability
These measures complement other government initiatives, including:
- The Canada Child Benefit provides up to $8,000 per child annually.
- The $10-a-day Childcare Program saves families up to $14,300 per child each year.
- The Canadian Dental Care Plan reduces healthcare costs for families earning under $90,000.
- A new National School Food Program is projected to save families up to $800 annually in grocery costs.
The federal government encourages all parties to pass this legislation promptly to ensure timely relief for Canadians.
These steps highlight a focused response to affordability challenges, aiming to provide practical support during a period when many Canadians feel the financial strain.
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