A bill to enact a two-month “holiday” on Canada’s federal sales tax is expected to pass a key parliamentary vote on Thursday night after the New Democrats, a left-wing opposition party, said they would support it.
- The sales tax break will run from Dec. 14 to Feb. 14, and is projected to cost the federal treasury C$1.6 billion
- A separate measure to send a one-time C$250 rebate to nearly 19 million working Canadians will be a separate vote at a later date due to New Democrat demands that it be expanded to include non-working seniors and people with disabilities
- Conservative ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.