Federal Gas Tax Holiday Extended Until January 2027
The federal government is extending its suspension of the excise tax on gasoline and diesel until early 2027, after the tax holiday was set to expire on Sept. 7. The federal fuel excise tax will remain suspended until Jan. 31, 2027, before being reinstated at half its regular rate from Feb. 1 to March 31. It will return to its full rate on April 1.
TL;DR
- Federal fuel excise tax suspension extended to January 31, 2027.
- Savings of 10 cents/litre on gasoline and 4 cents/litre on diesel continue.
- Tax to be reinstated at half rate from Feb. 1 to March 31, 2027.
- Full tax rate returns on April 1, 2027.
- The suspension was initially implemented on April 20.