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middle class tax cut. tax relief starts July 2025

Government of Canada delivering middle class tax cut. tax relief for nearly 22 million Canadians, saving two-income families up to $840 a year in 2026.

Once legislated, the lowest marginal personal income tax rate will be reduced from 15 per cent to 14 per cent, effective July 1, 2025. This tax cut will help hard-working Canadians keep more of their paycheques to spend where it matters most. This measure is expected to deliver over $27 billion in tax savings to Canadians over five years, starting in 2025-26.

2025/6/29 Edited to

7 comments

user2459932713370

How is it a tax cut for 1% you get taxed on everything you do in Canada surprised they haven’t charged breathing tax yet

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