Costly Gifts and Sugar Rush Policies: Unwrapping Canada’s GST Holiday - Episode 22

In this episode of “In The Mood With Kim G C Moody Podcast”, Kim discusses the so-called recent Christmas present handed out by the Canadian federal government: the GST / HST holiday on certain “affordability” items and the $250 cash handout scheduled to be distributed to certain Canadians in the spring of 2025.  Is it really a gift?  Or will it come with significant costs?  Short answer….it’s a costly gift that will have no lingering benefits.  It’s frankly providing a sugar rush.  Instead, Canada should be planting acorns for long-term economic benefits.  Such “planting of acorns” should include the introduction of productivity measures  and significant reductions in government spending that can have long-term benefits.  Kim ends the podcast by emphasizing the need for Canadians to improve their financial literacy so as to make more informed choices in the future.  Happy listening!