November 24, 2024 – Greater Toronto Area (Ontario)
The past few years have been difficult for the citizens of Mississauga. All prices seem to be inflated. Inflation is back to its 2% target and interest rates have been cut four times this year, but we know Canadians are still not seeing it in their personal budgets.
The federal government can’t set prices at the checkout, but it can put more money in the pockets of people in Mississauga to help them get what they need and save for what they want.
Today, the Minister of Small Business, the Honorable Rechie Valdez, provided an update on the federal government’s plan to put more money in the pockets of Mississauga residents.
As Prime Minister Justin Trudeau announced on November 21, the federal government will give all Canadians a tax holiday starting December 14, 2024. With the GST/HST exemption across the country, Canadians, including those living in Mississauga, will not have to pay tax on essential items such as food, snacks and children’s clothing, as well as gifts.
- This new tax holiday applies to:
- Prepared foods, such as prepared meals and prepared salads, vegetable platters and sandwiches
- Food in a restaurant, whether it’s dine-in, take-out or delivery
- Snacks, including chips, candy, and granola or cereal bars
- Beer, wine, cider and prepared alcoholic beverages containing less than 7% alcohol
- Children’s clothes and shoes, car seats and diapers
- Children’s games, such as board games, dolls, and video game consoles
- Books, printed newspapers and puzzles for all ages
- Christmas trees
The tax holiday is expected to remain in effect until February 15, 2025. Since groceries will be exempt from GST and HST, Mississauga residents will be able to save significantly and prices at checkout will be reduced to big
In addition, Canadian workers will receive a refund thanks to the new one Discount for Canadian workers. In fact, Canadians who worked in 2023 and earned up to $150,000 will receive a payment of $250 in their bank account or a check for this amount in their mailbox starting early next spring. Through the Canada Work Reimbursement, we’re putting money directly into the pockets of middle-class Canadians – those who have worked hard to beat inflation. This measure will give 18.7 million Canadians extra help to buy what they need.
Passing this legislation will put more money back into the hands of workers and their families.
Over the next few weeks, families will spend quality time together. Some will decorate the Christmas tree for Santa to leave presents on. Others share food with family or friends. Others may simply choose to enjoy hot chocolate, take out a meal and watch a movie at home. The measures announced will make the holiday season easier, however it is celebrated, and help Canadians start the new year with a little more money in their pockets.
2024-11-24 17:00:00
#Ministers #Valdez #Khera #highlight #federal #governments #tax #holiday #people #Mississauga #Canadian #Workers #Compensation
**(Addressing Dr. Carter) This tax holiday is being presented as a short-term relief measure. However, critics argue that it might not address the root causes of inflation. How would you respond to these concerns? What underlying economic factors should be considered in the long run?**
## World Today News: A Brighter Holiday Season Ahead?
**Introduction**
Welcome back to World Today News. Today we’re diving deep into the recent federal government announcement promising relief to Canadians struggling with the persistent squeeze of inflation. Joining me today are two esteemed guests:
* **Dr. Emily Carter**, an economist specializing in consumer spending and policy impact.
* **Mr. Raj Patel**, a community organizer from Mississauga and advocate for affordable living.
**Section 1: Feasting Without Fear: The Tax Holiday Explained**
*(Turn to Dr. Carter)* **Dr. Carter, the government has announced a “tax holiday” on a wide range of essential goods. How significant do you believe this measure will be in addressing Canadians’ financial anxieties, particularly in a city like Mississauga that’s been hit hard by inflation?**
*(Address Mr. Patel)* **Mr. Patel, from a community perspective, what’s your initial reaction to this tax holiday? Do you think it will truly make a difference in the lives of Mississauga residents?**
**Section 2: Workers’ Relief: A New Discount on the Horizon**
*(Address Mr. Patel)* **Mr. Patel, the second policy outlined is a tax refund for Canadian workers earning up to $150,000. What are your thoughts on this “Canadian Workers Discount”? Will it be sufficient to help middle-class families cope with the rising cost of living?**
*(Turn to Dr. Carter)* **Dr. Carter, could you elaborate on the potential economic impact of this refund? Will it be a targeted intervention or a more general stimulus measure? What could be the potential downsides, if any?**
**Section 3: Beyond the Holidays: Long-Term Solutions**
*(Pose the question to both guests)* **Both the tax holiday and the workers’ discount are temporary measures. What are your thoughts on their long-term effectiveness? What other, more sustainable solutions do you believe are necessary to address the ongoing inflation crisis and ensure Canadians can afford a decent standard of living?**
**Section 4: Closing Thoughts**
***(Address both guests)* Thank you both for your valuable insights and clear perspectives. As we head into the holiday season, it’s crucial to delve deeper into these policy decisions and their implications. What message do you want to leave our viewers with today? What are your hopes for a brighter economic future for Canadians?**
This interview structure aims to:
* **Engage both guests** by directly addressing them and encouraging dialog.
* **Explore diverse viewpoints**: The economist offers a broader perspective, while the community organizer provides a local, grassroots lens.
* **Delve deeply into key issues**: Questions focus on the impact, effectiveness, and potential loopholes of the policies, fostering a critical but nuanced discussion.
* **Connect the immediate news to a broader context**: This encourages viewers to consider the long-term implications of these decisions and the need for sustainable solutions.
