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GST break could cost Ottawa $2.7 billion if provinces don’t waive compensation, says PBO

  • The federal government's GST holiday could cost Ottawa $2.7 billion if provinces with a harmonized sales tax ask for compensation, according to the parliamentary budget officer.
  • The cost to Ottawa will significantly decrease if provinces with an HST do not demand compensation for lost revenue.
  • Ontario has stated it will not seek compensation from Ottawa, which could lessen the financial impact.
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