The GST increase is an important revenue move to give us additional resources to meet our growing healthcare needs, and to take better care of our seniors. The increase in the GST rate will be staggered from 7% to 8% come 1 Jan 2023, and from 8% to 9% come 1 Jan 2024.
Our GST system is uniquely designed to ensure that those who are less well-off are taken care of, and those who are better off contribute their fair share in revenues.
Watch this video to learn more
