Starting April 20, the government will suspend the full amount of the tax on gasoline and diesel until September 7, 2026.
Canadian PM Mark Carney yesterday announced temporarily suspending the federal fuel excise tax on gasoline, diesel and aviation fuels across the country.
Starting April 20, the government will suspend the full amount of the tax on gasoline and diesel until September 7, 2026.
The move is expected to reduce Canadians’ bills at the gas station by 10 cents per litre on regular gasoline and 4 cents on diesel.
The move is expected to reduce Canadians’ bills at the gas station by 10 cents per litre on regular gasoline and 4 cents on diesel, a release from the Prime Minister’s Office said.
Cutting the tax on gasoline and diesel until Labour Day will reduce operating costs for truckers and businesses in the food, agriculture, housing, construction and delivery sectors. With lower costs and greater financial strength, businesses can hire more workers, confidently build and export more products to global markets, the release noted.
Fibre2Fashion News Desk (DS)
