Mr. Speaker, I have good news: Our government is delivering Canadians a tax break on GST starting tomorrow, December 14, and this is really going to benefit retailers and consumers.
Let us listen to what the Retail Council of Canada said. This break “will create major tax savings for Canadians, along with economic stimulus for our industry”.
Restaurants Canada called this a big win for the restaurant industry and predicted that our tax break will boost sales by 5%, bringing restaurants $1 billion of additional revenue.
This tax break will bring more people in the door of these small businesses. We are grateful to be providing this break for Canadians.