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Conservatives Unveil $75 Billion Tax Cut Plan with Referendum Rule on Tax Hikes

Pierre Poilievre's platform outlines sweeping fiscal reforms, including spending cuts, civil service changes, and deficit reduction targets by 2028-29.

Conservative Party Leader Pierre Poilievre gestures after speaking during a federal election campaign stop in Montréal-Est, Que., Friday, April 18, 2025. THE CANADIAN PRESS/Christopher Katsarov
Conservative Party of Canada leader Pierre Poilievre makes an announcement during an election campaign stop in Richmond, British Columbia, Canada, April 19, 2025. REUTERS/Jennifer Gauthier
Conservative Leader Pierre Poilievre speaks at a press conference in Vaughan, Ont., on Tuesday, April 22, 2025. THE CANADIAN PRESS/Laura Proctor

Overview

  • The platform proposes $75 billion in tax cuts and $56 billion in spending reductions over four years, alongside $34 billion in new spending.
  • A Taxpayer Protection Act would require referendums before implementing any new or increased federal taxes.
  • Key spending cuts include eliminating English-language CBC funding, reducing foreign aid, and cutting $23.5 billion in external consultant costs.
  • The plan aims to lower the federal deficit from $31.4 billion in 2025 to $14.2 billion by 2028-29, relying on projected $21 billion annual revenue growth.
  • Proposed civil service reforms include removing university degree requirements for most federal roles to prioritize skills over credentials.