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Ontario supports Ottawa's GST holiday, will not ask for lost revenue back

Published Nov 28, 2024 at 4:20pm

The Canadian Press
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The Canadian Press
Ontario supports Ottawa's GST holiday, will not ask for lost revenue back
Prime Minister Justin Trudeau joins Ontario Premier Doug Ford during an event in Port Colborne, Ont., on May 14, 2024. THE CANADIAN PRESS/Tara Walton

Ontario says Ottawa's tax holiday will cost the province $1 billion, but it will support the GST break for consumers.

Last week, the federal Liberal government announced plans to pause the GST for two months on prepared food, toys, some types of alcohol and other holiday season staples.

In provinces like Ontario, where the provincial and federal sales taxes are blended together into a harmonized sales tax, the entire HST would be removed from such items.

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