Published 9 days ago • loading... • Updated 6 days ago

GST break brought a lot of work but little — if any — gains for businesses

Imaginaire toy stores experienced a 15 percent increase in sales in January; however, owner Dave Doyon is unsure if this was due to the GST tax break or other factors such as marketing and consumer behavior.
Many Canadian retail and hospitality businesses expressed mixed feelings about the GST break, with some reporting a slight boost while others saw no impact.
Moneris reported a 1 percent decline in transactions and a 4 percent reduction in total spending nationwide during the relief period.
OpenTable noted a 22 percent increase in online restaurant bookings from the previous year, prompting Restaurants Canada to advocate for extending the relief.

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castanet.net

+5 Reposted by 5 other sources

Little change expected in January inflation as GST break tamps down spending totals

Economists expect little movement in Canada's inflation numbers, if any, when January data is released this week, though the underlying change in prices will be clouded by a full month of the government's GST break.

6 days ago·Kelowna, Canada

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The Epoch Times

GST Break Brought a Lot of Work but Little—If Any—Gains for Businesses

About two months after the federal government temporarily knocked the GST off a holiday-centric array of goods, Dave Doyon says he considers the move “a gift” even though a hoped-for flurry of sales never fully materialized. His Imaginaire toy stores saw a 15 percent sales increase in January but it’s hard to parse out whether that was inspired by the tax break rather than marketing, shoppers’ whims or people looking for more indoor entertainmen…

9 days ago·New York, United States

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Agassiz Harrison Observer

+6 Reposted by 6 other sources

Canadian businesses report minimal gains from Trudeau’s GST holiday

Small spike in sales noted, as well as struggles determining what products did and didn’t qualify

9 days ago·Agassiz, Canada

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City News

+16 Reposted by 16 other sources

GST break brought a lot of work but little — if any — gains for businesses

TORONTO — About two months after the federal government temporarily knocked the GST off a holiday-centric array of goods, Dave Doyon says he considers the move “a gift” even though a hoped-for flurry of sales never fully materialized. His Imaginaire toy stores saw a 15 per cent sales increase in January but it’s hard to […]

9 days ago·Toronto, Canada

The GST leave was a lot of work for little gain, according to companies

The GST leave offered by Ottawa for almost two months leaves Canadian retail and hotel business owners with a mixed feeling, some saying that the government's incentive gave their business a little boost, when others did not notice any impact. About two months after the federal government temporarily removed the GST on a range of holiday-oriented products, Dave Doyon says that it considers this measure "a gift," even though the expected wave of …

8 days ago

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