Trudeau to cut sales tax, send checks to Canadians as election looms

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Trudeau to cut sales tax, send checks to Canadians as election looms - Business Standard

Quick Summary:

Canadian Prime Minister Justin Trudeau's government announced plans on Thursday to temporarily lift the federal sales tax off a number of items and send checks to millions of Canadians who are dealing with rising costs and as a federal election looms.

Trudeau noted that even those earning at the high end of that amount have been struggling to get by.An estimated 18.7 million Canadians will receive the one-time check.

Under the plan, Canadians who worked in 2023 and earned up to 150,000 Canadian dollars (USD 107,440) will receive a check for 250 Canadian dollars.