Canadian GST holiday ends February 15th, potentially raising costs for groceries and more.

The Canadian GST holiday, which suspended the 3.9% tax on items like groceries, fast food, and alcohol since December 14th, ends on February 15th. Though some Canadians feel it won't impact their finances, others may face higher costs. The tax break saved consumers an average of $4.51 per person at supermarkets, but its end could push prices up by 13-15% in some provinces. Experts suggest the holiday did not significantly boost spending and that consumers might delay purchases in future tax breaks.

6 weeks ago
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