TORONTO, April 1, 2013 /CNW/ - The Honourable Lisa Raitt, Minister of Labour, on behalf of the Honourable Jim Flaherty, Minister of Finance, today announced new tariff relief that will benefit Canadian families, consumers and businesses.
Starting today, tariffs on imported baby clothing and sports equipment will be removed, bringing significant savings for Canadian businesses on these items.
"Our Government is committed to supporting Canadian families," said Minister Raitt. "This measure represents real potential savings for hardworking Canadian families and our Government strongly encourages businesses to fully pass these savings onto consumers."
Economic Action Plan 2013 announced $76 million in annual savings through the removal of the 18% tariffs on imported baby clothing as well as tariffs on certain sports and exercise equipment, including the:
- 18% tariff on ice skates;
- 2.5% to 18% tariff on hockey equipment;
- 6.5% to 20% tariff on skis and snowboards;
- 2.5% to 7% tariff on golf clubs; and
- 6.5% tariff on exercise equipment.
"Our Government will continue to work with consumers, retailers and manufacturers to identify further measures that will help Canadian families keep more of their hard-earned money," said Minister Raitt.
Since 2009, the Harper Government has eliminated close to 1,900 tariffs, providing more than $525 million in tariff relief annually to Canadian businesses and consumers.
As outlined by the Prime Minister, the Harper Government remains focused on what Canadians care about most including their families and their personal financial security.
Image with caption: "Minister Raitt at the podium. (CNW Group/Canada's Economic Action Plan)". Image available at: http://photos.newswire.ca/images/download/20130401_C9586_PHOTO_EN_24969.jpg
SOURCE: Canada's Economic Action Plan
For further information:
Office of the Minister of Finance
Department of Finance