{"id":57823,"date":"2025-03-25T15:47:43","date_gmt":"2025-03-25T15:47:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/25\/will-tax-cut-pledges-ease-canadas-cost-of-living\/"},"modified":"2025-03-25T15:47:43","modified_gmt":"2025-03-25T15:47:43","slug":"will-tax-cut-pledges-ease-canadas-cost-of-living","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/25\/will-tax-cut-pledges-ease-canadas-cost-of-living\/","title":{"rendered":"Will tax cut pledges ease Canada&#8217;s cost of living?"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">Federal Election<\/li>\n<li class=\"breadcrumbs__item\">News<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Campaign Dispatch: Pledges could fall short in households spending $800 more on food this year<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Mar 25, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 1\u00a0hour ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"ac02ea56-a252-4959-a49b-f743a4b77a01\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The average family of four is expected to pay $801 more for food in 2025, according to Canada&#8217;s Food Price Report.<\/span> <span class=\"credit\">Photo by Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=90&strip=all&w=288&sig=_mYGselbzYHrTlGscfz2RQ\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=90&strip=all&w=288&sig=_mYGselbzYHrTlGscfz2RQ,\n                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=90&strip=all&w=576&sig=nH8cgfdIUyC1Uy_g3IouRQ 2x\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/campaign-dispatch_720.jpg?quality=5&strip=all&w=100&sig=YKSjmfOKYt3kvo0kkJX3iA&ssl=1\" alt=\"banner\" height=\"123\" loading=\"lazy\" width=\"719\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Welcome to the second edition of the Campaign Dispatch, where each day we break down trending economic stories from the 2025 federal election.<\/p>\n<p>The election focus thus far has been on a pair of different \u2013 but similar \u2013 tax cuts meant to appease Canadians who have been frustrated with the cost of living.<\/p>\n<p>The Liberals are pledging to cut the marginal tax rate by one percentage point, which the party believes will save the average middle-class two-income family up to $825 a year. The marginal tax rate is the tax you pay in the highest tax bracket you reach.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment9792521265762991854031992615075840\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"article-block article-block-bg article-content__sign-in-group hidden\" data-aqa=\"identity-sign-in\" data-async=\"\" id=\"article-block\">\n<section class=\"row\">\n<header class=\"identity-intro col-xs-12 col-md-6 flex-justify-center\">\n<div class=\"col-xs-12 col-sm-10 col-md-10\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg 1600w\" alt=\"Financial Post\" class=\"market-logo\" height=\"37\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"\/><\/p>\n<div class=\"intro-body__premium hidden\">\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__register hidden\">\n<p>SUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The Conservatives, however, are promising to cut the lowest income tax bracket from 15 per cent to 12.75 per cent, which the party said will save the average worker $900 per year, or $1,800 for a two-income family.<\/p>\n<p>But does either plan really move the needle for Canadians struggling with the cost of living?<\/p>\n<p data-async=\"\">With half of Canadians just $200 away from not being able to pay their bills, according to MNP Ltd., it\u2019s clear any bit of tax relief can help.<\/p>\n<p>Between 2020 and 2024, Canada\u2019s consumer price index, which largely measures the cost of living, increased more than 17 per cent.<\/p>\n<p data-async=\"\">Just looking at groceries, the average family of four spent $1,000 per month on groceries in 2019, but that figure has since grown to $1,296 in 2024, according to a report from the Royal Bank of Canada.<\/p>\n<p data-async=\"\">Meanwhile, the average family of four is expected to pay $801 more for food in 2025, according to Canada\u2019s Food Price Report, meaning Carney\u2019s tax cut would pay for the increase in food costs this year, and not much else.<\/p>\n<p data-async=\"\">The Canadian Taxpayer Federation welcomed the Liberal plan, calling it a \u201cwelcome appetizer,\u201d but added that Canadians \u201care starved for major relief\u201d and need more.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot24 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste3826764656702933091216605724016640\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1600w\" alt=\"Posthaste\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg\"\/><\/div>\n<div>\n<p>Posthaste<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment1398046770065780655144514556526592\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cLetting Canadians keep more of their own money is a good thing and taxpayers expect all party leaders to announce significant tax relief and savings in the budget,\u201d Franco Terrazzano, federal director of the Canadian Taxpayers Federation, said in a news release.<\/p>\n<p>Terrazzano was more complimentary toward the Conservative plan, however.<\/p>\n<p data-async=\"\">\u201cPoilievre is providing significant tax relief for people working hard to make ends meet,\u201d he said in a separate release. \u201cThe best way the government can make life more affordable is to let people keep more of their own money and Poilievre\u2019s tax cut would do just that.\u201d<\/p>\n<p>\u201cIt\u2019s great to see the two major parties duelling over who can cut taxes the most,\u201d Terrazzano added. \u201cNow we need to see big tax cuts for Canadian businesses to make them more competitive in the wake of American tariffs.\u201d<\/p>\n<p>Both cuts could in theory help Canadians handle their debts as well.<\/p>\n<p data-async=\"\">A February report from Equifax Inc. found that the average non-mortgage debt per Canadian reached $21,931 in the fourth quarter of 2024, a year-over-year increase of $654, meaning both plans can at the very least help slow the average Canadian\u2019s debt levels.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment5590145620606661876755695751135232\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The Liberals and Conservatives aren\u2019t the only ones proposing tax changes.<\/p>\n<p>Instead of income tax cuts, the NDP are promising tax cuts on essential items, including diapers, children\u2019s clothes, heating and telecom services, among others. It\u2019s a similar plan to the GST holiday the Liberal government temporarily gave Canadians during the holiday season extending into early 2025.<\/p>\n<p>The Green Party, meanwhile, is proposing a \u201cFair Taxation\u201d plan that targets the wealthy, big tech companies and big banks.<\/p>\n<section aria-labelledby=\"moreTopicLabel5180332656795630386813238396321792\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" this=\"\" is=\"\" shaping=\"\" up=\"\" to=\"\" be=\"\" the=\"\" trade=\"\" war=\"\" election=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"More than half of Canadians see the trade war as the most pressing issue of this election.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=80&sig=GUzWY8qJhGgwiSA1C90lHQ\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=5&sig=EnVudu5nu4ua9s6fMxdzZA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=96&strip=all&quality=80&sig=GUzWY8qJhGgwiSA1C90lHQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=192&strip=all&quality=80&sig=FxqMDJTDc5o9vO3NVWi3mw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-bc-trade-war.jpg?h=288&strip=all&quality=80&sig=HS9ZYE5iffZbboP3cSZvdA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Why this is shaping up to be the trade war election<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" tax-related=\"\" policies=\"\" to=\"\" watch=\"\" for=\"\" during=\"\" the=\"\" election=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Carney\u2019s track record, writings and speeches suggest a future of big government, more income and wealth redistribution and policies that prioritize climate ideology over economic growth, writes Kim Moody.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=80&sig=jjk9XI5yfLKQYwGO0LDm_Q\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=5&sig=d8kslZPgdzTITjeJiBLmug&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=96&strip=all&quality=80&sig=jjk9XI5yfLKQYwGO0LDm_Q, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=192&strip=all&quality=80&sig=wROR_KBOU1k6qcbbY222Dg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0325-mg-carney.jpg?h=288&strip=all&quality=80&sig=fyRsrFSpDWRnLdE79TXSxw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">10 tax-related policies to watch for during the election<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" promises=\"\" deeper=\"\" income=\"\" tax=\"\" cut=\"\" than=\"\" carney=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Under Poilievre\u2019s proposal, the average worker earning $57,000 would save $900, with two-income households saving $1,800 annually.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=80&sig=bpXumMOoQTIwVStmdw6rTw\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=5&sig=LYGmYqN4d1A259KpXpyQrQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=96&strip=all&quality=80&sig=bpXumMOoQTIwVStmdw6rTw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=192&strip=all&quality=80&sig=O98IIn0rLcz_HE2pvuVm9Q 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0325-mg-pierre.jpg?h=288&strip=all&quality=80&sig=UjG9G5Q0tU77kaLOGbPElA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Poilievre promises deeper income tax cut than Carney<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<h2>Today\u2019s promises<\/h2>\n<ul>\n<li>Conservative Leader Pierre Poilievre is promising to cut the goods and services tax (GST) on all new homes under $1.3 million.<\/li>\n<li>Bloc Qu\u00e9b\u00e9cois Leader Yves-Fran\u00e7ois Blanchet is promising to table a \u201cBuy Canadian\u201d bill that would encourage the federal government to buy goods made in Canada.<\/li>\n<li>Liberal Leader Mark Carney pledged to \u201cinvest in the Canadian Armed Forces\u201d with the promise of new submarines and to fill the shortage of military members.<\/li>\n<\/ul>\n<h2>Election headlines<\/h2>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Will tax cut pledges ease Canada&#8217;s cost of living?<\/a><br \/>\n<br \/>2025-03-25 15:47:43<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Federal Election News Campaign Dispatch: Pledges could fall short in households spending $800 more on food this year Published Mar 25, 2025 \u00a0\u2022\u00a0 Last updated 1\u00a0hour ago&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/cost-of-living-0325-ph.jpg?quality=90&strip=all&w=288&h=216&sig=bGeDo_kgehj26YUmZmPaqA","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-57823","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57823"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57824"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}