The MP for Central Okanagan—Similkameen—Nicola, Dan Albas, is calling on Prime Minister Justin Trudeau to provide immediate relief to families in British Columbia struggling with the cost-of-living crisis by reversing the Canada Pension Plan (CPP) tax hike.
Albas along with Canada’s Conservative Party pressured the Liberals to cancel the employment insurance and CPP tax hikes last week to no avail. Albas says reversing this latest Liberal tax hike could put nearly $700 back into families’ pockets.
“As soon as January pay cheques started getting deposited into my constituents’ accounts, my phone started to ring as people noticed getting smaller deposits. They weren’t being paid less; they were receiving less because Justin Trudeau’s policies send more of their pay cheque to Ottawa at the worst possible time. Inflation has now reached a 30-year high, and families in British Columbia are being stretched painfully thin,” said MP Albas. “Instead of enabling British Columbians to keep more of their hard-earned money, this government continues to take more of it away.”
Albas says the latest tax increase comes at a time when over half of Canadians indicate feeling concerned about their financial security for 2022. "Gasoline is up 34 per cent, housing is up almost 27 per cent, sugar is up 20 per cent, and beef and bacon are up 17 per cent," according to Albas inflation has increased two-and-a-half times faster than wages.
“British Columbians simply can’t afford any more of Justin Trudeau’s economic failures,” said MP Albas. “As the voice of British Columbians left behind in Justin Trudeau’s economy, Canada’s Conservatives will continue to hold the Trudeau Liberals responsible for Canada’s cost of living crisis, skyrocketing housing prices, and supply chain shortages.”