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Tax Changes: Savings for Some, Costs for Others

12/16/2025

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Summary

Story summary

In 2026, the federal government lowers the lowest income tax bracket from 15% to 14%, saving the average taxpayer about $190.
Payroll taxes will rise by 2% as CPP benefits increase, adding about $262 per worker.
The consumer carbon tax was cancelled, but industrial users still face higher carbon levies.
The alcohol escalator tax has cost taxpayers about $1.6 billion since 2017, imposing hikes on alcohol without parliamentary approval.

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Story summary

In 2026, the federal government lowers the lowest income tax bracket from 15% to 14%, saving the average taxpayer about $190.
Payroll taxes will rise by 2% as CPP benefits increase, adding about $262 per worker.
The consumer carbon tax was cancelled, but industrial users still face higher carbon levies.
The alcohol escalator tax has cost taxpayers about $1.6 billion since 2017, imposing hikes on alcohol without parliamentary approval.