The federal government has introduced legislation to extend the suspension of Ottawa's fuel excise tax until the end of January 2027, Finance Minister François-Philippe Champagne announced on Tuesday. The proposed extension would continue a measure that has been in place since March, when fuel prices began to rise.
According to the government, the pause on the excise tax is intended to provide relief to Canadians facing elevated fuel costs. The legislation must be passed by Parliament before it can take effect.
Further details on the exact scope of the tax suspension and its impact on government revenues were not immediately available. The measure is part of ongoing efforts to address affordability concerns related to energy prices.
