Taxes Influence on Canadians with Inflation
To lessen the financial burden on its inhabitants, especially those with low or moderate incomes, the Canadian government has introduced a number of programmes. The rise in GST/HST tax credits, which went into effect in November 2022, is one of these suggestions. Depending on the size of the household, the credits range from $234 to $628. Given the enormous inflation that will occur in 2022, this will be especially beneficial to struggling families.
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