Prime Minister Justin Trudeau has unveiled new affordability measures aimed at easing the cost of living for Canadians, sparking both praise and criticism.
Key Announcements:
GST/HST Tax Holiday: A temporary suspension of taxes on select groceries and consumer goods.
Working Canadians Rebate: $250 cheques to individuals earning up to $150,000 in 2023.
Political Reactions:
NDP Leader Jagmeet Singh credited his party’s pressure for the “winter tax holiday.”
Conservative Leader Pierre Poilievre called it a “tax trick” and accused the Liberals of using taxpayer money to buy votes.
Economic Impact:
Experts estimate the package will cost $6.3 billion and boost GDP growth by 0.2–0.3% in early 2025. While temporary measures like these may alleviate immediate financial strain, concerns about long-term fiscal sustainability persist.
The Big Question:
Are these policies genuine relief for Canadians, or strategic moves ahead of the next federal election? The answer may shape voter sentiments in the coming months.
– Source: Global News