Canada All National News,Remarks by the Deputy Prime Minister regarding Bill C-78, the Tax Break for All Canadians Act

Remarks by the Deputy Prime Minister regarding Bill C-78, the Tax Break for All Canadians Act

Ottawa, Ontario – Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, delivered remarks regarding Bill C-78, the Tax Break for All Canadians Act.

In her remarks, the Deputy Prime Minister highlighted that Bill C-78 is a key part of the government’s plan to make life more affordable for Canadians. The bill would provide tax relief to all Canadians, including:

  • A one-time payment of $500 to low- and middle-income Canadians
  • An increase in the GST credit for low- and middle-income Canadians
  • A new tax credit for first-time homebuyers
  • A reduction in the small business tax rate

The Deputy Prime Minister emphasized that Bill C-78 is a fair and responsible way to provide tax relief to Canadians. She noted that the bill is fully funded and will not add to the deficit.

The Deputy Prime Minister also discussed the government’s commitment to affordability. She said that the government is taking action to address the rising cost of living, including:

  • Investing in affordable housing
  • Providing support for childcare
  • Increasing the minimum wage

The Deputy Prime Minister concluded her remarks by saying that Bill C-78 is a key part of the government’s plan to make life more affordable for Canadians. She urged all members of Parliament to support the bill.

Additional Information

Bill C-78, the Tax Break for All Canadians Act, was introduced in the House of Commons on December 9, 2024. The bill is currently in the second reading stage.

The Parliamentary Budget Officer has estimated that the cost of Bill C-78 would be $10 billion over five years.

The bill has been met with mixed reactions. Some have praised the bill as a way to provide much-needed tax relief to Canadians. Others have criticized the bill as being too expensive and ineffective.

The bill is expected to be voted on in the House of Commons in the coming weeks.


Remarks by the Deputy Prime Minister regarding Bill C-78, the Tax Break for All Canadians Act

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