OTTAWA — The Liberals' GST holiday bill is one step closer to becoming law after it was passed by a majority of the House of Commons late Thursday night.
If I spent 100% of my paycheques for the next 2 months on things that are temporarily tax free, the amount of money I’d save would be… less than my rent increase for the next year.
Edit: I forgot I have to still pay rent for those 2 months, so more like 8 months increased rent, or factoring in all the essential bills more like 6. When all’s said and done the realistic GST savings might allow me to buy a large pizza and a dip at the end of February.
If I spent 100% of my paycheques for the next 2 months on things that are temporarily tax free, the amount of money I’d save would be… less than my rent increase for the next year.
Edit: I forgot I have to still pay rent for those 2 months, so more like 8 months increased rent, or factoring in all the essential bills more like 6. When all’s said and done the realistic GST savings might allow me to buy a large pizza and a dip at the end of February.