Pierre Poilievre Launches Election Campaign with Bold Income Tax Cut Proposal
The Conservative leader vows to reduce the lowest tax bracket to 12.75%, offset by spending cuts, in a direct challenge to Liberal Leader Mark Carney’s smaller tax cut plan.
- Pierre Poilievre officially launched his federal election campaign on March 24, 2025, with a pledge to cut the lowest personal income tax rate from 15% to 12.75%.
- The proposed tax cut would save individuals up to $900 annually and dual-income families up to $1,800, costing the government $7 billion annually initially, rising to $14 billion by 2027-28.
- To fund the tax cuts, Poilievre plans to reduce government spending, including cuts to bureaucracy, consultants, insider handouts, and foreign aid.
- The Conservative leader emphasized affordability issues, building on his earlier housing policy to remove GST on new homes under $1 million.
- The campaign sets up a fiscal policy showdown with Liberal Leader Mark Carney, who has proposed a smaller one-percentage-point tax cut for the same income bracket.