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Ontario Premier Doug Ford (right) thinks the temporary HST holiday proposed by his federal counterpart, Justin Trudeau (left), is a good idea. (Archive photo)
Photo: The Canadian Press / Chris Young
Posted at 10:06 a.m. ESTUpdated at 11:49 a.m. EST
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Doug Ford’s government in Ontario confirms that it will temporarily suspend its portion of the harmonized sales tax (HST) in conjunction with Ottawa, which announced a tax holiday on prepared foods, toys and other products, from mid-December to mid-February.
Justin Trudeau’s government claims that this two-month suspension of HST aims to give Canadians a break.
Ontario did not impose its portion of the HST on many items covered by the federal relief, including children’s clothing. But other products are added to the list.
The Ontario government believes that the temporary leave of the HST will cost it $1 billion in lost revenue.
For their part, New Brunswick and Prince Edward Island are demanding compensation from the federal government to make up for the shortfall.
Ontario, on the other hand, does not seek compensation.
With information from The Canadian Press
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