Ontario IKEA locations removing tax from second-hand items
Published April 5, 2024 at 4:08 pm
If there is one thing that has been on the forefront of the minds of those in Ontario, it’s the cost of living. As economic trends continue to shift and sway, furniture retailer IKEA has taken it upon itself to attempt a sustainable and economically friendly solution for those in the province struggling.
To kick off Earth Month — which takes up the whole of April — IKEA has created the Second-Hand Tax (SHT) incentive. This financial initiative removes HST from in-store second-hand items at IKEA locations across Ontario.
According to data collected on behalf of the retailer, 67 per cent of Canadians are concerned with the ongoing state of the economy, while an additional 57 per cent struggle with household finances. The SHT event will be held from April 2 to 11 and will reduce second-hand items by 13 per cent to offset the costs incurred by provincial taxes.
In an official statement by IKEA, the organization hopes that other businesses across the country will follow this trend so that double taxation on second-hand items becomes a thing of the past.
For those looking to look out for the planet — and their wallets — it appears that IKEA is hoping to set a trend that allows people in Ontario to do a bit of both.
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