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Legislation Passes to Implement Budget 2025

On March 26, 2026, the federal government announced the passing of Bill C-4, the Making Life More Affordable for Canadians Act, which reduced the lowest personal income tax from 15% to 14%. The federal government implemented this income tax reduction on July 1, 2025, as stated in the Late Breaking News on May 15, 2025.  


 

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