Thank you, Mr. Davies.
Bill C-4, in part 1, “amends the Income Tax Act to reduce the marginal personal income tax rate on the lowest tax bracket to 14.5% for the 2025 taxation year and to 14% for [next year]”.
The amendment attempts to create a new tax bracket and increases the marginal tax rate for this new tax bracket. In my opinion, by creating a new tax bracket and increasing the marginal tax rate for this new tax bracket, the amendment would oblige certain entities to bear an additional charge, and it is contrary to the principle of the bill. Therefore, the amendment is inadmissible.
Thank you.
Moving on to CPC-1, Mr. Hallan, would you like to move this motion?