Skip to main content

Featured

10 Days Left: What the End of the Gas Tax Holiday Actually Costs You

  By MoneySavings.ca  |  August 28, 2026 The federal gas tax holiday ends in 10 days. Starting September 8, the 10-cent-per-litre federal excise tax on gasoline comes back — and diesel's 4-cent-per-litre tax returns with it. If you've gotten used to cheaper fill-ups since April, here's exactly what changes and what it'll cost you. What the Tax Holiday Actually Did Back in April, Ottawa suspended the federal fuel excise tax on gasoline, diesel, and aviation fuels to cushion Canadians from a spike in global oil prices tied to the Iran conflict. Since April 20, the federal excise rate on gasoline has sat at 0 cents per litre instead of the usual 10 cents. Diesel and aviation fuel taxes dropped to zero from their normal 4-cent rate. Finance Canada pegged the total relief at more than $2.4 billion over the year. That relief window closes September 7 — Labour Day — inclusive. On September 8, rates snap back to their standard levels: 10 cents/litre on gasoline, 4 cents/litre o...
Post a Comment
Read more

article

Labels

Food Prices Expected to Rise 3-5% in 2025

 

A newly released report predicts that food prices in Canada will increase by 3% to 5% in 2025. The report, a collaborative effort by researchers from Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia, forecasts that the average Canadian family of four will spend $16,833.67 on food next year, an increase of up to $801.56 from 2024.

The report attributes the rise in food prices to several factors, including climate change, geopolitical conflicts, energy costs, and the weakening Canadian dollar. Meat prices are expected to rise between 4% and 6% due to prolonged droughts affecting cattle production. Vegetable prices are also anticipated to increase faster than other categories due to the lower buying power of Canadian food importers.

Despite the projected increase, the report notes that the rate of food price growth has moderated compared to the double-digit increases experienced during the COVID-19 pandemic. Researchers remain cautiously optimistic, hoping for a flattening out of food price increases in the coming year.



Labels:

Comments

Post a Comment