GST relief.. what are your thoughts about it?
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They give than they take. Money games.
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I like watching those kind of videos! very informative
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Thanks, I'll watch it.
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I might be a party pooper, but I think its an electoral measure that will not net positive globally for citizens. Taxes will be raised elsewhere to balance the books, and also doing this on the GST for a relatively small period of time is going to be complex from an IT and logistic perspective, which will nullify some of its advantages.
Just a personal opinion though. Good for those who think they will benefit, but globally I think its net negative for average citizens.
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I totally agree. It is mostly a way to get more votes.
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Yeah. That is just another way to get votes.
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Indeed, but somehow it seems to have failed again hahaha…. or so it feels. There seems to be backlash more than appreciation so far
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Agree 100%
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Yes especially for the 250$ it failed hard lol
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like moving money from one pocket to another.
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I usually only buy essentials from supermarket. I seldom pay GST most of the time. Personally, I hope cleaning supplies can be added to the GST free list.
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Yes, essential items must be prioritized; food and cleaning supplies
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The restaurant I usually goes simply just hikes their menu price.
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yikes… that's not cool
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He is taking advantage of the situation, I would go to his competitor across the street if there is one
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I think it's just them trying to get votes in the next election. It won't make much difference. There's no tax on food anyways except for junk food. Most people eat a meal that was tax free in the first place at Xmas.
In terms of gifts like toys. Many people already purchased their Xmas gifts so they don't get anything.
In my case, it won't make any difference anyways.
But if others feel it really helps them, enjoy while you can! 😊
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Good point.
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Things are really going south for JT these days… poor guy!
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his succession will not be better, hard to know where we are heading
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taking advantage of the gst break until places start increasing their prices
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I feel the groceries price increase already.
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It does seem like it right?
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I guess after the GST is back, the higher price will stay.
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Loblaws replaces Provigo with Maxi, they want to make smaller surfaces
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Loblaws has significant share of the Canadian grocery market and they are still expanding.
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I still can't believe how little competition there is in Canada….
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The grocery store I usually go is incredibly busy so I guess they don't need to think about competitions.
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Yes their latest move is to bring T&T, I've never been yet but it must be quite an experience
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I think GST relief can be really helpful, especially for people who are struggling with rising costs. It’s a good way to make things like groceries or other essentials a bit more affordable.
That said, I feel like it works best if it’s targeted—like giving relief to those who need it most or cutting taxes on essential items. It’s great for short-term help, but in the long run, I think we also need other measures, like higher wages or better support for basic needs, to really make a difference.
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This is very good point. 👍️
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I like it. GST relief should repeat every year.
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That is always true.
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Who decides about price cap on food?
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In Canada, food prices are generally determined by the market, with minimal direct intervention from the government. However, in certain circumstances, the government may step in to regulate or influence prices, especially during emergencies or to prevent excessive price increases (for example, during the pandemic).
Welcome to monopoly!
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Food prices are determined by many factors especially when most of is imported from the other countries. Every price hike gets some big reason behind and it gets people accept it as there is no other answer.
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It depends on the foods but some are regulated by governments, like milk for example.
The minimum price aims to protect producers and merchants by avoiding downward pressure on retailers. The maximum price, for its part, aims rather to prevent the consumer from paying an unreasonable price for a basic necessity product.
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True, reliance on imports makes food prices heavily influenced by global factors like supply chain issues, weather, and geopolitical events. But it’s tough when the 'big reasons' feel distant while the impact hits close to home. Do you think there’s room for more local production to ease the strain?
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What about egg prices?
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There could be possible domestic increase in supply but locals find no profit over possible cost and demanding expenses in the process.
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Many of follow the oil price that comes up and down. Do we really see that fluctuation with food prices. I would say no. Food prices always tend to stick in upper level.
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