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Average family to save $280 per year from Liberal tax cut: PBO

Jun 18, 2025 | 1:38 PM

OTTAWA — The parliamentary budget officer estimates the average Canadian family will save $280 on their taxes next year thanks to the Liberal government’s planned income tax cut.

A one-percentage-point cut to the bottom income tax bracket was a pillar of the Liberal campaign during the spring federal election.

Prime Minister Mark Carney’s plan pitched annual savings of up to $825 per dual-income family.

But the parliamentary budget officer says in a new analysis that the average family likely won’t get that much back.