Prime Minister Justin Trudeau has admitted to not thinking about monetary policy. Is it possible he also dislikes accounting? Did he not consult bureaucrats at the Canada Revenue Agency or corporate executives before announcing the upcoming GST/HST tax holiday?Maybe not.In a letter to retailers, food and beverage maker PepsiCo Canada said it will keep charging GST/HST on many of its products despite the tax holiday, which starts this Saturday and runs to February 15.Trudeau's program will lower the cost of groceries, restaurant meals, children’s clothes, toys, video games, books, newspapers, Christmas trees, diapers, beer and wine. It is unclear if consumers will be affected by Pepsi's announcement."Based on the requirement for payment to be received in full within this period, the specific timing constraints and our billing processes, PepsiCo Canada will continue charging GST/HST on qualifying products," said the letter obtained by the Western Standard."There will be no changes to our current invoicing processes."A problem lurks in the shadow of Trudeau's tax break — that is, Canadians are in big trouble, financially. The need for a tax break over the holidays indicates people are overtaxed and broke. These are tough times, average wages in Canada have dropped, approximately, to those of the poorest U.S. states — Mississippi and Louisiana. Ontario's per-person GDP is on par with Alabama.
