@mark-carney.bsky.social
Removing GST from bikes would cost less than 0.4% of GST revenue. For e-bikes, taxes add $500+ to prices.
Health and infrastructure savings likely offset the revenue loss.
It's not a subsidy. It's a zero-rating that may net positive.
Alex Freeman
There’s still a federal sales tax on bicycles.
Christopher
#Breaking: The federal government will lift the national excise tax on gas until Labour Day in a move that will drop prices by 10 cents per litre, Mark Carney announces.
New from Tonda MacCharles and @aballinga.bsky.social:
It will cost $2.4 billion to lift the excise tax from now until Labour Day, an official said, a move that will drop gas prices by 10 cents per litre.
