On December 12, 2024, Bill C-78, the Tax Break for All Canadians Act received Royal Assent. Beginning December 14, 2024, the Canada Revenue Agency (CRA) will begin administering this temporary Goods and Services Tax/Harmonized Sales Tax (GST/HST) break on certain items across Canada.
Helping you save with the GST/HST break
From December 14, 2024, until February 15, 2025, certain qualifying goods and services like groceries, restaurant meals, children’s clothing and select children’s toys will be tax-free, putting more money in your pocket to help with everyday expenses and savings.
Whether you’re shopping for or selling qualifying items, the CRA is here to guide you through how the GST/HST break applies. The CRA has just published a tax tip with new details for both individuals and businesses, which includes a brand new printable/shareable poster that is designed to make the GST/HST break period as easy as possible for businesses and shoppers.
You can read the CRA’s tax tip at GST/HST break: More money in your pocket to learn more.
Individuals and businesses can also visit the CRA’s webpage at GST/HST break – Canada.ca to learn more about what items qualify.
