Government tables a Motion to bring down costs for Canadians
Canada News Centre
27 May 2025, 23:16 GMT+10
May 27, 2025 - Ottawa, Ontario - Department of Finance Canada
Today, His Majesty King Charles III delivered the Speech from the Throne - outlining the government's bold and ambitious plan for the future. Key to that plan is bringing down costs so Canadians keep more of their paycheques to spend where it matters most.
To that end, the Minister of Finance and National Revenue, the Honourable Francois-Philippe Champagne, today tabled a notice of Ways and Means Motion in Parliament with proposals to: Deliver a middle class tax cut, providing tax relief for nearly 22 million Canadians and saving families up to $840.
Eliminate the Goods and Services Tax (GST) for first-time home buyers on new homes valued up to $1 million, saving them up to $50,000, and lower the GST for first-time home buyers on new homes valued between $1 million and $1.5 million.
Remove the consumer carbon price from law, following its cancellation, effective April 1, 2025.
With these measures, we are delivering change to cut taxes, bring down costs, and put money back in the pockets of Canadians.
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Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The poll suggests that 38 per cent of Canadians say they feel less confident now about the future of Canada-U.S. trade as well as trade between the U.S. and other countries. Sixteen per cent of Canadian respondents say they feel more confident, while 37 per cent say their level confidence in the future of the trade relationship hasn't changed. The Leger poll, which was conducted online and can't be assigned a margin of error, surveyed more than 1,500 people between May 30 and June 1. The poll also surveyed more than 1,000 Americans. Their responses to the poll were substantially similar. 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