The impact of the Liberal government’s plan to give Canadians a tax break and a cheque is up for debate, as economists weigh how meaningful the support will be for Canadians and whether the measures will contribute to inflation.
Prime Minister Justin Trudeau announced last week he would remove the sales tax on certain “holiday essential” items for a two-month period and send a $250 cheque to Canadian workers making less than $150,000 per year.
Economists who spoke to The Epoch Times provided differing takes on how the relief measures could impact the economy. Some are concerned it could impact the Bank of Canada’s management of inflation, while others say the ramifications could be minimal. Others questioned how impactful the measures would be in providing relief….