More than half of Canadians would like to see lowering of taxes and help with the soaring cost of every day needs due to inflation in the upcoming federal budget.
Finance Minister Chrystia Freeland is expected to release the federal budget this week.
The Trudeau government is running the largest debts in history with inflation rates and record breaking gas prices. A new poll by IPSOS suggests nearly half of Canadians top priorities, they would like to see lowering of taxes and help with the soaring cost of every day needs due to inflation in the upcoming federal budget.
Help with the soaring cost of every day needs due to inflation
At the top of the priority list 53% want to see help with the soaring cost of every day needs due to inflation 53% with lowering taxes at 43% and more health care spending with 40% nicely rounding out the top 3 priorities Canadians would like to see reflected in the federal budget.
It didn’t matter weather Canadians live in the urban areas or rural because over half want to see help with the rapid inflation with 54% of the city slickers and 56% of the Canadians out in the sticks.
Last month with inflation rates reaching 5.7% the price of goods and services started to rise impacting
Lowering of taxes
Taking a look at the share of Canadians that want lowering of taxes, it’s comparable across the regions with nearly half from each. The province with with the most support for lowering taxes is SK/MB 52% with Quebec 48%, Atlantic 48%, BC 46% Alberta 47% Ontario 39%
Healthcare spending
Priority with healthcare spend is skewed across the country over half of Quebec with 53% want more spending in healthcare followed by Atlantic 45% and the rest of the nation BC with 34%, Alberta with 30%, SK/MB with 37% and Ontario with 35%.
These results shift when broken down in to age groups. Boomers emphasize their desire to see greater investments in healthcare (54% Boomer vs. 38% Gen X, 32% Millennial, 24%Gen Z),
However over half a trillion dollars was printed and rammed in to so-called “public spending”. Trudeau’s Liberals still have not accounted for $600-billion in public spending for “pandemic” and “healthcare” spending as reported by The Globe and Mail.
Measures to cool the housing market
Of course British Columbia 25% and Ontario 29% are the most likely to favor housing strategies when it comes to measures to cool the housing market the two hottest housing markets in Canada followed by Alberta 19%, SK/MB 13%, Quebec 14% and Atlantic 10%
According to Daily Hive average rent for unfurnished, one-bedroom units across Metro Vancouver climbed to $1,908 this month. Back in November, they were at $1,791 – a difference of $117 per month, and liv.rent reports that renters in Vancouver are now typically spending 35.64% of their monthly income on rent.
renters in Vancouver who use liv.rent are paying, on average, 35.64% of their income towards rent.
Investing in Canada’s Armed Forces and defence
With Putins Russia invading Ukraine all eyes have started looking towards the Arctic once again. National Defence Minister Anita Anand was said to book a tour the Arctic reported CBC to reinforce Arctic sovereignty with discussions with the defence ministers of Sweden, Finland, Norway and Denmark. Currently a shamefully low 11% want to see investing in Canada’s Armed Forces and defence as a priority on the federal budget.
Military spending and funding for the Canadian Armed Forces, surprisingly the province with the most support for nation defence spending is British Columbia 14% followed by Ontario 11%, Alberta 10%, Quebec 10% and the lowest support for defense spending from SK/MB 9% and Atlantic 9%.
Canada has been failing failing to fulfill its’s NATO partner nation agreement of spending 2% of our GDP on military spending and freeloading for at least 20 years.
Lowering their carbon footprint
Coming in second to dead last from a list of 21 items on the priority list of Canadians is only a tiny 1 in 10 Canadians are worried about lowering their carbon footprint. Considering lowering carbon footprint costs money this is not a surprising statistic to see at the bottom of the priority list for Canadians with out of control inflation.
What the The Canadian Taxpayers Federation says
The federal budget is expected to be released on Thursday. The federal government is currently $1.2 trillion in debt. On Budget 2021’s trajectory, the federal government wouldn’t balance the budget until 2070.
The Canadian Taxpayers Federation is looking for a plan to balance the books in tomorrow’s federal budget.
“It’s time for the Trudeau government to give taxpayers a concrete plan to balance the books,” said Franco Terrazzano, Federal Director of the CTF.
“It’s time to stop racking up a bigger tax bill and balance the budget,” said Terrazzano. “A balanced budget means we pay less interest to bond fund managers and have more money to build roads, hire nurses and lower taxes.”
