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Ottawa Extending Gas Tax Holiday to January
The pause will save drivers billions in lost revenue, while gas prices remain elevated and the tax returns in stages starting in February 2027.
- On Wednesday, the federal government extended the suspension of federal fuel excise taxes until January 2027, responding to energy market volatility caused by instability in the Middle East and the Strait of Hormuz.
- Finance Minister François-Philippe Champagne said relief is a direct response to global oil market volatility, which is expected to continue "for the foreseeable future."
- The entire tax holiday will cost $5.3 billion in lost government revenue, with the excise tax phasing back in over three months starting in February 2027 at 50 per cent of the regular rate.
- Conservative Leader Pierre Poilievre issued a statement saying his party "won another battle for Canadian families," while Premier Doug Ford called for the pause to be made "permanent."
- NDP Leader Avi Lewis criticized the move, calling instead for a "windfall tax" on energy companies, noting that oil giants are set to make $100 billion in profits this year.
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11 Articles
11 Articles
The federal government extended the suspension of the excise tax by 10 cents per litre of gasoline until January 31, 2027, and gradually brought it back until a full return in April 2027.
·Montreal, Canada
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Total News Sources11
Leaning Left8Leaning Right0Center3Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
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