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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Total News Sources0
Leaning Left17Leaning Right4Center4Last UpdatedBias Distribution68% Left
Bias Distribution
- 68% of the sources lean Left
L 68%
C 16%
R 16%
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