Canada to rescind digital services tax to revive U.S. trade talks

With a middle-class tax cut promised by Prime Minister Mark Carney and the Liberal government coming into effect Tuesday, some Canadians in the lowest tax brackets may find extra cause to celebrate Canada Day. While dropping the lowest marginal personal income tax rate from 15 to 14 per cent is expected to offer immediate relief to some, there are questions about how much people are actually saving and whether those who need it most are benefiting. Here’s what you need to know about the tax cut. Bottom brackets benefit best When announced after the election and cabinet swearing...