Taxpayers Federation looking for balanced budget and relief

Author: Franco Terrazzano 2023/03/10

OTTAWA, ON: The Canadian Taxpayers Federation is calling on Federal Finance Minister Chrystia Freeland to balance the books and provide tax relief when she tables Budget 2023 on Mar. 28.

“Freeland could balance the budget and provide tax relief with modest spending restraint,” said Terrazzano. “A balanced budget means less debt for Canadian kids and grandkids to pay back, less money wasted on interest charges and room to cut taxes.”

Today, Freeland announced the federal budget will be tabled on Mar. 28.

The CTF’s pre-budget submission recommends balancing the budget in 2023-24 by bringing program spending to pre-pandemic levels in 2018-19, adjusted upward for inflation and population growth. The federal government was spending all-time highs before the pandemic in 2018-19. 

The Parliamentary Budget Officer’s recent Economic and Fiscal Outlook projects the deficit to increase to $43 billion in 2023. The PBO is also projecting an $8.7-billion deficit in 2027, despite the government’s claim in the mid-year fiscal update that it will run a $4.5-billion surplus that year. 

A Leger poll shows 74 per cent of Canadians feel the average family is overtaxed.

“Canadians pay too much tax because the government wastes too much money,” said Terrazzano. “Canadians are struggling to fill their cars with gasoline and pay for ground beef at the grocery store because Ottawa is spending like crazy and raising taxes.”

The CTF testified at the House of Commons and Senate finance committees to outline a plan to balance the budget. You can watch the CTF’s presentation at the House of Commons committee here. You can watch the CTF’s presentation at the Senate committee here.

A Note for our Readers:

As you may know, we're working hard to stop Prime Minister Trudeau's attempt to add a 2nd carbon tax upon Canadian taxpayers. If you are against this tax, would you take a moment today to read and consider signing the petition below?

When you do, your name will be added to the growing list of tens of thousands across our country who want to tell the government that we are opposed to these new taxes. Please take a moment to read the petition below and consider signing it today.

To Prime Minister Justin Trudeau:

The federal government is introducing new fuel standard regulations to require industry to reduce the carbon content of fossil fuels. If industry can’t meet the standard, they’ll have to pay Trudeau's second carbon tax. This tax will ultimately hit already struggling families and businesses.

It’s bad enough that taxpayers are already paying for one carbon tax. Canadians certainly can’t afford a second carbon tax.

We, the undersigned, call on Prime Minister Justin Trudeau to scrap plans for a second carbon tax.

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