Conservatives say a new analysis by the Parliamentary Budget Officer shows the Liberal government’s recent income tax cut will save most Canadians far less than promised, with average savings in 2025 coming in at just $90.The cut, which lowers the tax rate on the lowest income bracket to 14%, was touted by Prime Minister Mark Carney during the election campaign as a middle-class relief measure that could save dual-income families up to $825 per year. But the PBO report released Wednesday indicates savings will be far more modest: $90 this year and $190 next year for the average taxpayer, or about $15.83 per month — the equivalent of four cans of tuna..Lower-income seniors are expected to benefit the least, with savings of around $50 annually — about $4.16 per month. In contrast, a senior earning $111,000 could save up to $330 a year, while a couple earning $260,000 could save $680 — still below the $825 Carney cited on the campaign trail.Conservative critics blasted the tax cut as insufficient and misleading, accusing the Liberals of offering “pocket change” rather than meaningful affordability measures. The party said only Conservatives would deliver large-scale tax relief that benefits all Canadians.
