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Summary

GST Holiday Savings vs. Debt

This is a news story, published by torontosun, that relates primarily to Jessica Morgan news.

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The GST tax holiday is coming but will the savings actually make a difference?

torontosun
Summary
Nutrition label

78% Informative

The federal government’s GST holiday will provide a five per cent discount on numerous items starting Dec. 14 until mid-February .

For most low- and middle-income families, “getting any amount of discount is always a benefit,” said Jessica Morgan , founder of financial literacy site Canadian Budget.

For big-ticket items that qualify for the tax cut, Morgan suggested waiting for Boxing Day sales to combine store and tax discounts.

Bruce Sellery , CEO of Credit Canada , says his main concern with the tax holiday is it could pressure consumers to buy more just to get the tax break.

VR Score

76

Informative language

71

Neutral language

68

Article tone

informal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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