Government commitment
Completed - fully metStrong Middle ClassCycle 2015· status updated Mar 22, 2019
Implement the middle class tax cut.
Mandated to: Minister of Finance
What success looks like
The government reduced the 22 percent federal personal income tax rate to 20.5 per cent to benefit millions of middle class Canadians.
Government's narrative on progress
The middle-class tax cut came into effect on January 1, 2016. More than nine million Canadians are benefiting from this tax cut. Single Canadians who benefit are saving an average of $330 each year and couples who benefit are saving an average of $540 each year.
Note: this is the government's own description, not an independent assessment.