5 Minutes for Business: Canadians Deserve a Break
5 Minutes for Business – Canadians Deserve A Break
Prime Minister Trudeau was asked whether Canadians can expect tax increases to help pay for the significant increases in government spending that have occurred in response to the COVID-19 pandemic. His response came as a relief to Canadians and businesses when he said, “No. The last thing Canadians need to see is a raise in taxes right now.” However, Canadians and struggling restaurant and hospitality businesses ARE scheduled to be hit with an increase in taxes on beer, wine and spirits next April 1 and every year after that.