Here's the "serious" explanation:Prime Minister Justin Trudeau announced Thursday a suite of new measures meant to alleviate some of the affordability pressures people have been experiencing in the post-COVID era — including a two-month GST holiday on some goods and services.The Liberal government will also send $250 cheques to the 18.7 million people in Canada who worked in 2023 and earned $150,000 or less.Those cheques, which the government is calling the "Working Canadians Rebate," will arrive sometime in "early spring 2025," Trudeau said.The GST/HST holiday will start on Dec. 14 and run through Feb. 15, 2025.People will be able to buy the following goods GST-free:-Prepared foods, including vegetable trays, pre-made meals and salads, and sandwiches.-Restaurant meals, whether dine-in, takeout or delivery.-Snacks, including chips, candy and granola bars.-Beer, wine, cider and pre-mixed alcoholic beverages below 7 per cent alcohol by volume (ABV).-Children's clothing and footwear, car seats and diapers.-Children's toys, such as board games, dolls and video game consoles.-Books, print newspapers and puzzles for all ages.-Christmas trees.With these exemptions, all food in Canada will be essentially tax-free."For two months, Canadians are going to get a real break on everything they do," Trudeau said at a media event in Newmarket, Ont."Our government can't set prices at the checkout but we can put more money in peoples' pockets. That's going to give people the relief they need. People are squeezed and we're there to help."
And here's something worth noting:An economist on TV today was saying that this GST pause and cheques are affordable because Canada avoided the recession that was predicted this year. This has govt coffers higher than forecast. We’ll also stay under deficit forecast & have the lowest debt-to-GDP ratio in the G7.
— Stephano Barberis (@HelloStephano) November 22, 2024
And here's a good interview:The difference, of course, is that Trudeau isn’t sending the payment to millionaires and the rich, and it is cut off at an income threshold ($150k) https://t.co/QmhShrqqiV
— Evan Scrimshaw (@EScrimshaw) November 21, 2024
And here's the "funny" explanation:A good interview that clarifies Canada's carbon tax. www.cp24.com/video/2024/1... #climatechange #trudeau #carbontax
— Al Czarnecki (@alczarnecki.bsky.social) November 21, 2024 at 11:05 PM
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WHAT THE LIBERAL PARTY WISHES THEY COULD SAY pic.twitter.com/kfFkwObzAE
— Brittlestar (@brittlestar) November 21, 2024