Do you need more information about the upcoming GST holiday to help your North Vancouver business?
Starting December 14, 2024, B.C. businesses will see the GST removed on a range of essential items, providing temporary relief during the holiday season. This tax break will apply to items such as:
- Groceries, including prepared foods like vegetable trays, salads, and sandwiches
- Restaurant meals (dine-in, takeout, or delivery)
- Snacks (chips, candy, granola bars)
- Alcoholic beverages under 7% ABV (beer, wine, cider, pre-mixed drinks)
- Children’s clothing, footwear, car seats, and diapers
- Children’s toys (board games, dolls, video game consoles)
- Books, print newspapers, and puzzles
- Christmas trees
For detailed guidance, visit the Government of Canada’s GST/HST Holiday webpage.
This measure aims to alleviate affordability challenges through February 15, 2025.
Key Details for Business Owners
GST will not be charged on qualifying items that are:
- Paid for in full and delivered (or made available to the buyer) between December 14, 2024, and February 15, 2025.
- Items that are purchased retail or wholesale, including imported goods that meet the qualifying criteria.
What to Do as a Business
- Do not charge GST on qualifying goods and services during this period.
- Maintain records and continue to remit and report your regular GST as usual.
If you have questions or need assistance, the Canada Revenue Agency (CRA) has set up a hotline: 1-800-959-5525.