ZERO RATED GOODS/SUPPLIES AND SERVICES

The government of Canada recently proposed to make zero rated GST/HST for the followinggoods/supplies and services from December 14, 2024 to February 15, 2025: Prepared foods for restaurants and fast foods; Snacks, Candy, Chips; Bear, Wine and Alcohol; Clothings for...

Bank of Canada raises key interest rate to 0.5%

Bank of Canada hikes its key interest rate to 0.5% that marks the first time it has increasedrates since October 2018.The Bank of Canada said the war in Ukraine is “a major new source of uncertainty” that isdriving prices higher on oil and other commodities.It is...