Mr. Speaker, it is a great pleasure to be here tonight at 11:30 to answer the member's question, and it was great to see us all vote together in this chamber to pass the main estimates tonight. I note that the members opposite have supported a number of pieces of legislation in this House just this week. It is great to see us working together on behalf of Canadians. It is also great to be back in government on behalf of Canadians. My condolences to the members opposite for returning to their rightful place on the opposition benches.
Canadians expect us to take bold actions that will drive economic growth, create good-paying jobs and ensure that all Canadians benefit from Canada's incredible talent and ingenuity, our strong free trade agreements already in place and our unique and vast wealth and prosperity. That is exactly what we are doing, and we are doing it with strength, purpose and agility.
First, we introduced a middle-class tax cut, a hugely significant investment in Canadians that will put more money in their pockets. There are 22 million Canadians across this county who will get a tax break. Conservatives can complain about that, but that is delivering for Canadians. Second, we will help to further bring down costs for Canadians, especially young people. I take to heart that young people in my riding have said it is hard to purchase their first home. We are removing the GST for first-time homebuyers on new homes valued at $1 million and saving them up to $50,000. We are also lowering the GST for first-time homebuyers on new homes valued between $1 million and $1.5 million. Third, we are honouring a commitment we made. It should very much please the Conservative Party of Canada that we have removed the consumer carbon price from law, effective as of April 1 of this year, as part of our plan to refocus federal carbon pollution pricing standards.
We will do all of these things while keeping our industrial carbon tax in place so that Canada can remain aligned with global best practices and continue to build a competitive and more sustainable economy. These three measures send a strong and clear signal to Canadians right across the country that we will remain focused. Our top priority will be them as we build the biggest and fastest-growing economy in the G7.
Speaking of priorities, I recognize the federal budget is a critically important financial and democratic document. That said, it is precisely why budget 2025 must be delivered in a logical sequence that takes national and international priorities into account. As Canada forges a new relationship with the United States based on respect and common interest, we must remain hyperfocused on reinforcing Canada's strength at home, safeguarding our workers and businesses, and defending their interests. These discussions are ongoing and vitally important for our shared future. They are also vitally important as we see investments in our defence spending and reaching our NATO target this year. I welcomed the great announcement the Prime Minister made.
Of course, in the midst of all of these changes internationally, it is prudent of us to take the time we need to prepare a budget properly. We need the detailed analyses, policy checks and meticulous preparations that budgets always entail. That is, in my view, the proper process for developing a budget. Budgets are not types of documents that should be rushed. I hear my colleagues heckling me. I welcome that because it eggs me on, makes me feel good and actually makes me want to talk even more. We will definitely deliver a budget this fall.