Liberals Table Legislation to Cut Tax on Income, New Homes

Finance Minister François-Philippe Champagne speaks to the media prior to the G7 finance ministers meeting in Banff, Alta., on May 20, 2025. The Canadian Press/Jeff McIntosh

The Liberal government has tabled legislation to move ahead with its promised tax cuts on income and the sale of new homes.

The Liberal Party promised during the election campaign to reduce the tax rate from 15 percent to 14 percent for the lowest income bracket.