Canada's Department of Finance has announced the tabling of a motion on 27 May 2025 to bring down costs for Canadians, including a middle class tax cut. Once legislated, the lowest marginal personal income tax rate will be reduced from 15% to 14%, effective 1 July 2025.

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Government tables a Motion to bring down costs for Canadians

May 27, 2025 – Ottawa, Ontario – Department of Finance…