Canada's House of Commons Approves Liberal’s Bill C-78 on First Reading

Canada's House of Commons has approved the Liberal government's Bill C-78 on first reading. Under this bill, Canadians will receive a two-month GST exemption on a variety of items, including restaurant meals, beverages, snacks, children's clothing, and toys.

This temporary relief will apply from December 14 to February 15. In the House of Commons, the NDP voted in favor of the Liberals' Bill C-78, while the Conservatives and the Bloc Québécois voted against it.

According to the government, the proposed tax exemption will save Canadians approximately $1.6 billion. The government states that if a family spends $2,000 on GST-exempt items during this period, they will save between $100 and $260, depending on the province.