Finance Minister François-Philippe Champagne is set to announce that the federal excise tax holiday on gasoline and diesel will be extended into early 2027, according to sources who spoke with Radio-Canada. The decision, if finalized, would extend the government’s tax relief on fuel beyond its current expiration timeline.
The report indicates the Liberal government plans to maintain the temporary exemption on the federal excise taxes that apply to gasoline and diesel, delaying an increase in fuel costs for drivers. The sources did not specify the exact duration beyond “early 2027” and did not provide a formal statement from the government at the time of the briefing.
The anticipated extension comes as policymakers face continued pressure over energy affordability and cost-of-living concerns amid fluctuating fuel prices. By extending the tax holiday, officials aim to cushion consumers from potential price swings at the pump while maintaining broader fiscal considerations.
Details about the scope or any accompanying measures were not disclosed in the initial report. The information rests on conversations with Radio-Canada, and no official government confirmation was included in the source material provided.
If the announcement proceeds, Canadians could see continued relief at the pump as the government refrains from collecting federal excise taxes on gasoline and diesel for a longer period. The timing of the formal rollout and any related policy nuances remain to be confirmed through official channels.
As of now, the report highlights an imminent government plan to extend the tax holiday, with the Finance Minister identified as the key presenter of the policy shift. Further details and formal confirmation are expected to follow from the government in the coming days.
