GST Holiday Boosts B.C. Business
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month GST holidayvancouversun
•Business
Business & Economics
'It was futile': Trudeau's GST holiday ends with a whimper among B.C. retailers
73% Informative
The federal government's two-month GST holiday comes to an end Feb. 15 .
Retailers say the economic measure “did not move the needle” as a boost to B.C. business.
The tax holiday, unveiled by Prime Minister Justin Trudeau last November as an inflation-fighting measure, was estimated to put $1.6 billion in consumers' pockets.
Simon Fraser University economist Steeve Mongrain said the tax break, which he estimated at $225 million across all consumers, would have a bigger impact if it were focused on the most vulnerable, low income residents.
The five per cent break was too small, too diffuse in the economy and didn't apply to durable goods, things like appliances and electronics, he said.
VR Score
79
Informative language
78
Neutral language
65
Article tone
informal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9