Canada has implemented a new tax savings from December to February for some things like taxable groceries, crafts, and gaming physical media. I wanted to get a new Xbox controller and found the best price at Walmart for $55 a week ago. The tax holiday starts today and I now see that the $55 has increased to $62 and change, which is about how much tax I should be saving. Great to see this thinly veiled attempt to help Canadians ( /s - win votes) is just going to be extra profit in the corporations’ pockets.
Crazy, they’re basically saying, ‘we know this is impossible so just do your best, as long as you remit everything you collect then it doesn’t really matter what/how you collect’.
This is very unfair to the small business because inevitably there will be some customers who will be pissed off when the store doesn’t collect properly, and small business won’t even come close to doing it correctly.
Making temporary short term massive changes to taxation is a very dumb idea. Canada must be drinking uncle Sam’s koolaid to be acting this foolish.
Most people don’t even care and did not know this even started, its just another failed attempt of the current government to gain support.
This one is extra silly, but the silver lining is that it has got people of drastically different political viewpoints something to agree on. You could have a talk show with the most rabid pundits from opposite sides discuss this and the only arguments would be what the worst part of this plan is.
There is also another component to this as well, everyone is supposed to get $250 in the mail (or direct deposit). And that’s also just bad tax policy that has been made fun of in the past. On top of that they have not managed to actually pass legislation or even figured out how to do this at this point. Oh and the post office is still on strike.