Wages and tax: middle-class cut, real wages
Middle-class tax cut, saving dual-income families up to $825 a year
The Liberals pledged a one percentage point cut to the lowest marginal personal income tax rate, from 15 per cent to 14 per cent, effective 1 July 2025. Dual-income families save up to $825 a year. Approximately 22 million Canadians benefit from the measure.
Source: Prime Minister of Canada and Liberal Party of Canada, Our Plan
Real wages outpace inflation for the third consecutive year
Average hourly wages climbed 4.7 per cent year on year to $37.73 in March 2026. Real wage growth has now outpaced inflation for more than three years. GDP inflation is expected to average 2.8 per cent in 2026 and 1.8 per cent in 2027.
Source: Bank of Canada and Spring Economic Update 2026
Middle-class tax cut, saving dual-income families up to $825 a year
The Liberals pledged a one percentage point cut to the lowest marginal personal income tax rate, from 15 per cent to 14 per cent, effective 1 July 2025. Dual-income families save up to $825 a year. Approximately 22 million Canadians benefit from the measure.
Source: Prime Minister of Canada and Liberal Party of Canada, Our Plan
Real wages outpace inflation for the third consecutive year
Average hourly wages climbed 4.7 per cent year on year to $37.73 in March 2026. Real wage growth has now outpaced inflation for more than three years. GDP inflation is expected to average 2.8 per cent in 2026 and 1.8 per cent in 2027.
Source: Bank of Canada and Spring Economic Update 2026
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