Bill Detail
An Act respecting certain affordability measures for Canadians and another measure ✓ Became Law
Part 1 amends the Income Tax Act to reduce the marginal personal income tax rate on the lowest tax bracket to 14.5% for the 2025 taxation year and to 14% for the 2026 and subsequent taxation years.
Part 2 amends the Excise Tax Act and other related Regulations to implement a temporary GST new housing rebate for first-time home buyers.
Part 3 repeals Part 1 of the Greenhouse Gas Pollution Pricing Act and the Fuel Charge Regulations.
Part 4 amends the Canada Elections Act to make changes to the requirements relating to political parties’ policies for the protection of personal information.
Bill C-4, now known as the Making Life More Affordable for Canadians Act, introduces several measures to ease financial burdens. It lowers the income tax rate for the lowest tax bracket, starting with a reduction to 14.5% for the 2025 tax year and further to 14% for 2026 and beyond. This directly benefits individuals earning in the lowest income range by increasing their take-home pay.
The bill also provides a temporary Goods and Services Tax (GST) new housing rebate specifically for first-time home buyers, making the purchase of a new home more affordable. Additionally, it repeals parts of the Greenhouse Gas Pollution Pricing Act and introduces changes to how political parties handle personal information, aiming to enhance privacy protections.
Legislative Timeline
Votes
Yes / No Ratio
How each party voted
| Party | Position | Yes | No |
|---|---|---|---|
| Bloc | Yes | 100% | 0% |
| Conservative | Yes | 100% | 0% |
| Green | Yes | 100% | 0% |
| Liberal | Yes | 100% | 0% |
| NDP | Yes | 100% | 0% |