Will Canada’s new tax cut change your life, or just cover your coffee? Here’s what you’ll save
The Liberal government's tax cut aims to save Canadian families money. An average family might save $280 next year. The tax cut lowers the rate on the first $57,375 of taxable income. Critics say the savings are too small. Conservatives will vote for the tax cut but want more. The plan's cost is estimated at $64 billion over five years.