The Canadian Taxpayers Federation is applauding Conservative Leader Pierre Poilievre for releasing a platform that cuts taxes and reduces spending.

“The best way to help Canadians is by cutting taxes and leaving more money in their pockets,” said Carson Binda, CTF B.C. Director. “Poilievre’s platform offers sweeping tax cuts to save Canadians money.” 

Proposed tax cuts include:

• Cutting the lowest personal income tax rate from 15 per cent to 12.75 per cent;

• Scrapping the industrial carbon tax;

• Stopping the capital gains tax hike;

• Removing the sales tax from the purchase of new homes; and

• Ending the escalator tax on alcoholic beverages.

“These tax cuts come with a guarantee to hold a referendum before any new tax increases,” Binda said. “That’s a great promise which would stop government from dipping into your pockets on a whim.”

The Conservative platform also pledges to cut billions of wasteful spending, including by:

• Shrinking the bureaucracy through attrition;

• Cutting billions being spent on external consultants; and

• Bringing in a one-for-one spending law so that any new spending must be offset by reduced spending or new revenue.

“The Conservative platform shows a commitment to both meaningful tax reduction while reining in wasteful spending, but it doesn’t go far enough,” said Devin Drover, CTF Atlantic Director. “While families tighten their belts, politicians need to stop borrowing money we can’t afford and wasting billions on interest payments.”

Under the Conservative plan, taxpayers would save $2.4 billion in interest payments over the next four years versus the Liberal platform. The total budget deficit would be $31.4 billion in 2025 and go down to $14.2 billion by 2029.