For the average consumer, grocery savings over the two-month period are estimated at just $5. While this amount is negligible for most households, it creates a significant burden for grocers.
Implementing system updates to reflect the tax holiday for more than 4,000 products on average will result in logistical headaches and additional costs. Retailers, already operating on slim margins, will likely feel the strain…& who covers that?
While the GST/HST holiday might seem like a timely relief, it risks creating long-term instability. Food pricing is a delicate balance, and every policy shift has ripple effects across the supply chain. For many Canadians, the costs of this measure could outweigh the benefits, leaving them worse off in the long run.
CHARLEBOIS: The hidden costs of feds' food tax holiday — Toronto Sun
While the GST/HST holiday might seem like a timely relief, it risks creating long-term instability
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While the GST/HST holiday might seem like a timely relief, it risks creating long-term instability. Food pricing is a delicate balance, and every policy shift has ripple effects across the supply chain. For many Canadians, the costs of this measure could outweigh the benefits, leaving them worse off in the long run.