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.
The 'Making Life More Affordable for Canadians Act' introduces several measures to ease financial burdens. It lowers the lowest personal income tax rate starting in 2025, making it more affordable for individuals to keep more of their earnings. Additionally, the bill provides a temporary GST new housing rebate for first-time homebuyers, helping them with the upfront costs of purchasing a home.
Beyond direct financial relief, the Act makes changes to political party rules regarding the protection of personal information. It also repeals certain parts of the Greenhouse Gas Pollution Pricing Act. These changes affect individual taxpayers, new homeowners, and the regulations governing political parties.
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% |