[BIC_BAWS]

This is great for consumers and a great "marketing tactic" from the Libs.

But if it's executed the way I think it will (poorly), it's really just a short term relief for consumers and long term price increases.

What's likely going to happen is that retailers are gonna get shafted so they'll request a 5% discount from their suppliers who will also get shafted, resulting in a 5% increase in the future.

I doubt the CBSA is gonna reimburse businesses for 5% GST on the goods sold in this time frame...cause how would you even track this. Well the answer to this is the same way you would do a K32 duty drawback but it's a HUGE PITA.

While GST is supposed to be a net zero transaction for all parties between importer and retailer, if the end user doesn't pay for GST... Is the CRA going to allow significant GST refunds on ITCs?

These fuckers at the CRA are already automatically auditing anyone requesting a income tax (corp/personal) or GST refund. Let alone mismanaged $40M from that scandal.

Further to my point, who's gonna be funding the implementation of this two month tax cut? Implementing software code changes for tax like this takes months of testing and implementation for big orgs. Yeah fuck the big orgs but what about the small businesses?

It's a nice gesture, but it'll fuck everyone else in the long run.