About 5 percent of Canadian small businesses said they saw a boost in sales after the federal government introduced a “tax holiday” for two months.
The tax break for consumers was a two month pause on the GST and HST between Dec. 14 and Feb. 15. It covered items such as children’s clothing, toys, and Christmas trees.
Prime Minister Justin Trudeau’s former finance minister and deputy prime minister Chrystia Freeland said the goal of the GST/HST tax holiday was to tackle the “vibecession.” It was something that was defined as Canadians not feeling good about the economy, and it was impacting their spending habits. Freeland said the tax break would help Canadians feel more positive about the economy, and spend more….