Helping Ordinary Working Canadians and Their Families
This Government believes that Canadians pay too much in tax. The Government's tax plan will, over time, reduce the tax burden on all Canadians.
To this end, the Government will reduce the Goods and Services Tax by one percent. Cutting the GST will help all Canadians deal with the rising cost of living, put money back in people's pockets and help stimulate the economy.
Cutting the GST is the best way to lower taxes for all Canadians, including low-income Canadians who need it most.
The Government will continue with a responsible approach to lowering taxes for the benefit of Canadians and the Canadian economy, including a further reduction of the GST to five percent.