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Liberals' tax-holiday plan divides business owners as reality of preparing for it sinks in

The article from The Globe and Mail discusses the mixed reactions among Canadian business owners to the Liberal government's proposed tax holiday plan, aimed at providing relief during the economic recovery from the effects of the COVID-19 pandemic. While some business owners welcome the temporary suspension of the federal sales tax on certain items as a way to boost consumer spending and help businesses recover, others are skeptical about its effectiveness and timing. Critics argue that the plan might not significantly benefit businesses, especially small ones, due to the complexities in implementation and the potential for increased administrative burdens. Additionally, there's concern that the tax holiday might not reach the sectors hardest hit by the economic downturn, like hospitality and tourism, and could instead benefit larger retailers more. The article highlights the divide in opinion, with some seeing it as a positive step towards economic recovery, while others view it as insufficient or misaligned with the actual needs of the business community.

Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/business/article-liberals-tax-holiday-plan-divides-business-owners-as-reality-of/ ]