Tax holiday nice, but businesses want real reforms

The holiday on GST begins Dec. 14, but the measure misses the mark when it comes to improving affordability, the Canadian Chamber said.

“We’re pleased to see recognition that the affordability crisis continues to hurt Canadians. This relief on everyday purchases is an important first step. But the root causes of Canada’s affordability challenges cannot be fixed with half-measures or temporary relief,” said Jessica Brandon-Jepp, the Senior Director of Fiscal and Financial Services Policy for Canadian Chamber. “What’s still missing is a clear plan to revive our economy for all Canadians — one that empowers new businesses to launch, helps existing ones grow and create jobs, ensures major projects get built, and keeps supply chains running smoothly without constant disruptions and rising costs. It’s time to move away from tax-and-spend policies and red tape that drive up the cost of goods and services, and move towards an economy that creates opportunities for Canadians.”