Some deals are coming our way with the GST break, but for business owners that means a lot of added work at the already busy Christmas shopping season.
Tyler Slobogian, a Senior Policy Analyst with the Canadian Federation of Independent Business gives an example here.
“One retailer let us know that, at his single location, he will personally spend around 200 hours making updates to the over 7000 items in his POS systems. This is especially challenging for retailers that sells toys, gifts, food products and children’s clothes among other items that will remain taxable.”
Business owners have had just a couple weeks to prepare for the tax break and there is still a lot of confusion as to what is exempt, so the CFIB is asking shoppers to be patient.
For the list of GST exempt items, consumers can go to Canada DOT CA and type in GST HST Break.
For information on the most often asked questions, business owners can go to the cfib.ca website.
Hear more about the tax holiday on Thompson Today at 12:40 and 5:10

