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Bill C-26 · Housing Supply Payments Act · Second Reading

Bill C-30 · Spring Economic Update 2026 · Committee (House)

Bill C-4 · Making Life More Affordable for Canadians Act · Royal Assent March 12, 2026

Bill C-31 · Budget 2025 Implementation Act, No. 2 · Second Reading

Bill C-12 · Strengthening Canada's Immigration System and Borders Act · Royal Assent March 26, 2026

Bill C-9 · Combatting Hate Act · Passed Senate June 4, 2026

Bill C-22 · Lawful Access Act · Committee (House)

11 Legislatures Monitored · Federal + All 10 Provinces

Bill C-26 · Housing Supply Payments Act · Second Reading

Bill C-30 · Spring Economic Update 2026 · Committee (House)

Bill C-4 · Making Life More Affordable for Canadians Act · Royal Assent March 12, 2026

Bill C-31 · Budget 2025 Implementation Act, No. 2 · Second Reading

Bill C-12 · Strengthening Canada's Immigration System and Borders Act · Royal Assent March 26, 2026

Bill C-9 · Combatting Hate Act · Passed Senate June 4, 2026

Bill C-22 · Lawful Access Act · Committee (House)

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

The income tax rate on your first $57,375 drops from 15% to 14%. The federal carbon charge at the pump is gone. New homes under $1 million skip the GST. About 22 million Canadians save up to $840 a year. Already law.

14%

New tax rate (was 15%)

Up to $840

Annual savings

22M

Canadians benefiting

What it is

Bill C-4 does three things at once. It lowers the income tax rate everyone pays on their first chunk of earnings. It scraps the federal carbon charge you paid on gas and home heating. And it removes the 5% GST from brand-new homes that cost less than $1 million. Together, these changes leave more money in your pocket each month.

Who it affects

If you earn an income, you pay less tax. About 22 million people qualify. A single person can save up to $840 a year, and families save more. If you're buying a brand-new home priced under $1 million, you skip the 5% GST. And every Canadian stops paying the federal carbon charge on gas at the pump and natural gas at home.

What changes

The tax rate on the first $57,375 you earn falls from 15% to 14%. The federal consumer carbon charge — which added about 17 cents per litre at the pump — is gone. The 5% GST is no longer charged on new homes priced under $1 million.

Where it stands

Bill C-4 received Royal Assent on March 12, 2026 and is already in effect. You'll see the tax savings show up on your 2026 tax return.

Pros & Concerns

👍 Pros

You see the savings right away, every paycheque. The changes are easy to understand. Skipping GST on a new home can save first-time buyers tens of thousands of dollars up front.

👎 Concerns

Less tax money coming in means a bigger federal deficit unless spending is cut elsewhere. Dropping the carbon charge also drops one of Canada's main tools for cutting greenhouse gas emissions.