Will the Liberals tax holiday pay political dividends? What it signals – National [Video]

The Liberal government announced a suite of affordability measures Thursday that Ottawa says aims to put more money in Canadian bank accounts, a move experts say is likely to boost Canada’s economy and could register with voters who are still feeling the pinch of a higher cost of living.

Prime Minister Justin Trudeau was in Toronto to unveil a GST/HST “holiday” on select grocery items and other consumer goods ranging from video games to Christmas trees. He also announced the Working Canadians Rebate — a plan to send $250 cheques this spring to every individual who worked in 2023 and made up to $150,000.

“We’ve been able to get through the past couple of years. Everyone had to tighten their belts a little bit, and now we’re going to be able to give a tax break for all Canadians,” Trudeau said Thursday.

While inflation has cooled back to the Bank of Canada’s two-per cent target, the last few years …