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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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The cost of living crisis is not over, despite lower inflation



The cost of living crisis is not over, despite lower inflation

Inflation, the rate at which prices increase, has been slowing down in Canada and other countries. This may seem like good news for consumers who have been struggling with higher costs of food, housing, energy and other essentials. However, lower inflation does not mean lower prices. It means that prices are still rising, but at a slower pace than before.

The cost of living crisis is not over, because many people are still facing difficulties in affording their basic needs. For example, rents in Canada have risen by the fastest rate in over 40 years, according to BMO’s chief economist Douglas Porter. Home prices have also soared by more than 40 per cent since the end of 2019, making homeownership out of reach for many.

Moreover, lower inflation does not guarantee that interest rates will go down. The Bank of Canada has raised its key interest rate six times since July 2021, to curb inflation and cool down the overheated economy. The bank has signalled that it may pause its rate hikes for now, but it has not ruled out further increases in the future.

Interest rates affect the cost of borrowing and saving money. Higher interest rates make it more expensive to take out loans, such as mortgages, car loans and credit cards. They also make it harder to pay off existing debts. On the other hand, higher interest rates benefit savers who earn more interest on their deposits.

The cost of living crisis is not only a matter of numbers. It is also a matter of perception and expectation. Many people feel that their incomes are not keeping up with their expenses, and that their quality of life is deteriorating. They may also worry about the future, especially if they face uncertainty in their jobs, health or family situations.

The cost of living crisis is not a problem that can be solved overnight. It requires long-term solutions that address the root causes of inflation and inequality. It also requires collective action and solidarity among people who share the same challenges and aspirations.

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