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Bill S-215

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SUMMARY
This enactment
(a) reduces the lowest federal income tax rate from 16% to 15%, effective January 1, 2005; and
(b) increases the basic personal amount — the amount of income that Canadians can earn without paying federal income tax — by $500 effective January 1, 2005, and makes consequential amendments to other personal amounts.

Available on the Parliament of Canada Web Site at the following address:
http://www.parl.gc.ca