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Carney government to extend gas tax holiday into the new year: Report
The extension keeps fuel prices 10 cents a litre lower on gas and 4 cents on diesel as Ottawa prepares new U.S. countertariffs.
- Finance Minister Philippe Champagne will announce an extension of the Gas tax holiday until Jan. 31, 2027, at a press conference in Ottawa on Wednesday.
- Originally introduced in the spring update following fuel price spikes caused by the war in Iran, the temporary measure cuts 10 cents per litre from Gas prices and diesel.
- Premier Doug Ford welcomed the extension, calling for the tax break to be made "permanent," while The Conservatives continue to demand GST relief to reduce fuel costs by 25 cents per litre.
- The announcement precedes planned countertariffs on $27.6-billion in goods, responding to President Donald Trump's tariffs on about $28-billion of Canadian products after trade negotiations collapsed last month.
- Global fuel prices are rising again as the Strait and Hormuz remain critical supply line choke points, intensifying pressure on the government's relief measures amid the broader Iran conflict.
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25 Articles
25 Articles
The Carney government has already given up $2.4 billion in revenues since April 20th.
·Montreal, Canada
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Ckpg Today+16 Reposted by 16 other sources
Ottawa to announce extension of gas tax holiday beyond Labour Day
OTTAWA — Finance Minister François-Philippe Champagne will announce an extension of the gas tax holiday at a press conference in Ottawa today. The Liberals temporarily suspended the federal 10-cent-per-litre excise tax on gas in April when the war in I...
·Prince George, Canada
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Liberals will extend gas and diesel tax holiday into 2027, sources say
Finance Minister François-Philippe Champagne is expected to announce on Wednesday that the Liberal government will extend the federal excise tax holiday on gasoline and diesel until early 2027, according to sources that spoke with Radio-Canada.
·Ottawa, Canada
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Total News Sources25
Leaning Left13Leaning Right0Center11Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 46%
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