GST Break Affects Canadian Businesses
This is a news story, published by CityNews, that relates primarily to Restaurants Canada news.
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tax breakCityNews
•Business
Business & Economics
GST break brought a lot of work but little — if any — gains for Canadian businesses
76% Informative
Tax break brought a lot of work but little — if any — gains for Canadian businesses.
Retail and hospitality companies say the government incentive gave their business a little lift but others not noticing any impact.
Retailers scrambling to be ready to offer the tax cut when it was set to kick in less than a month later .
Restaurants Canada says there was a modest increase in how often Canadians dined out at restaurants in December compared with December 2023 .
The gain persisted for the remainder of the GST period and was enough for the relief to be extended or made permanent.
But businesses say that behaviour has been fleeting as the country reached the dying days of the relief.
VR Score
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