Ottawa, ON – The Hon. Erin O’Toole, Leader of Canada’s Conservatives and the Official Opposition, released the following statement calling on the Trudeau Liberals to immediately reverse their CPP tax hike on Canadians:

“Today, Canada’s Conservatives are calling on Justin Trudeau to immediately reverse his CPP tax hike that was forced on Canadians at the beginning of the year. Reversing this latest Liberal tax hike will put up to nearly $700 back into families’ pockets this year.

“Since January 1, the cost of living crisis has only got worse with inflation reaching a 30-year high. Gasoline is up 34 per cent, housing prices are up almost 27 per cent, sugar is up 20 per cent, beef and bacon are up 17 per cent, and carrots are up 13 per cent. Even coffee is up 10 per cent.

“It’s no surprise that nearly 60 per cent of Canadians are struggling to afford food for their families, while only 34 per cent of Canadians believe their families will be better off in five years. In fact, Canada has one of the lowest levels of economic optimism in the world, well below the global average.

“Canada’s Conservatives believe the best way to address the cost of living crisis is to immediately find ways to put more money back in the pockets of hardworking families and small business owners.

“Reversing this tax hike is one way that Justin Trudeau could immediately provide support to Canadian families and businesses struggling with the cost of living, a crisis that is getting worse by the day.

“Canadians simply can’t afford any more of Justin Trudeau’s economic failures.

“As the voice of Canadians 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.”