The federal government will announce an extension of its gas tax break Wednesday, just days before Ottawa is planning to introduce new countertariffs on a range of U.S. goods, according to a senior government official.
The temporary tax break will be extended to Jan. 31, 2027, the official said.
The Globe is not naming the official because they were not authorized to comment publicly on the announcement.
Finance Minister François-Philippe Champagne will formally announce the extension at a Wednesday afternoon news conference in Ottawa.
The temporary tax break was introduced through the government’s April spring update. It was set to expire on Sept. 7.
The break cuts 10 cents per litre from the price of gas and four cents from diesel.
The Liberal government is planning to impose countertariffs on U.S. goods valued at $27.6-billion as of Sept. 8. These new measures are in response to U.S. President Donald Trump’s new 50-per-cent tariffs on about $28-billion worth of Canadian goods, imposed after trade negotiations between the two countries collapsed last month.
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