🔴 Live

Bill C-26 · Housing Supply Fund Act · $1.7B · Before Parliament

Bill C-4 · Tax Cut · Up to $840 for 22M Canadians · Now Law

Bill C-12 · Immigration Reform · Now Law

Bill C-9 · Combatting Hate Act · Senate 2nd Reading

11 Legislatures Monitored · Federal + All 10 Provinces

Bill C-26 · Housing Supply Fund Act · $1.7B · Before Parliament

Bill C-4 · Tax Cut · Up to $840 for 22M Canadians · Now Law

Bill C-12 · Immigration Reform · Now Law

Bill C-9 · Combatting Hate Act · Senate 2nd Reading

11 Legislatures Monitored · Federal + All 10 Provinces

← All Bill Breakdowns

💰 Taxes Now Law. In Effect

The Tax Cut That Puts Money Back in Your Pocket

Canada's lowest income tax rate cut from 15% to 14%. Carbon price eliminated. GST removed on new homes under $1M. Up to $840 back for 22 million Canadians. Already in effect.

14%

New tax rate (was 15%)

Up to $840

Annual savings

22M

Canadians benefiting

What it is

Bill C-4 cuts the lowest federal income tax bracket from 15% to 14%, effective immediately. It also eliminates the consumer carbon pricing system and removes the GST on newly built homes priced under $1 million. These three measures work together to reduce the immediate cost of living for working Canadians.

Who it affects

The 22 million Canadians in the lowest federal tax bracket see immediate savings. up to $840 per year for an individual, more for families. First-time homebuyers benefit from the GST removal on new builds. Every Canadian who used to pay the consumer carbon price sees that cost disappear.

What changes

The tax rate on the first $57,375 of taxable income drops from 15% to 14%. The federal consumer carbon price. which added roughly $0.17/litre at the pump. is eliminated. The GST (5%) is removed from new home purchases under $1 million.

Where it stands

Bill C-4 received Royal Assent in February 2026. It is now law and fully in effect. Canadians should see the tax savings reflected in their 2026 tax filings.

Pros & Concerns

👍 Pros

Immediate, tangible savings for millions of Canadians. Tax cuts are simple, understood, and broadly popular. GST removal on new homes could meaningfully improve housing affordability for first-time buyers.

👎 Concerns

Critics argue tax cuts without matching spending reductions increase deficit pressure. Some economists say eliminating the carbon price removes a key climate policy tool.