Conservatives Vow to Keep Income-Splitting and Balanced Budget

This article was last updated on April 16, 2022

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Canada’s Minister of Employment and Social Development and Minister for Multiculturalism, Jason Kenney, has mentioned in his remarks recently that the government might have to prolong its ongoing operating spending freeze in order for it to successfully balance the upcoming budget. However, the Conservatives are insistent to not take back the family tax cuts it promised earlier this year.

According to a statement issued by Finance Minister Joe Oliver on Sunday night, he mentioned that “our government will not embark on massive, costly bureaucratic programs, throw the country into a large deficit and pile on debt that would burden our children and grandchildren. Furthermore, we do not intend to cancel our family benefit program, which mainly advantage low and middle income Canadian families.” Even though the family tax cuts are anticipated to cost $4.6 billion in 2015-2016, many believe that it will perform an economic uplift and provide Canadian families with more spending money to inject into the country’s economy.

Furthermore, Mr. Oliver mentioned in his remarks that he will no longer be delivering the budget in March but in fact this year’s announcement will be delayed to allow more time to monitor oil prices. Answering to a question on Sunday, Kenney vowed that the government will not reduce services but instead control federal operating costs since low oil prices continue to cast uncertainty on the Canadian economy. Chair of Cabinet Committee on Operations, Kenney, stated that “we’ll have to certainly look at potentially further spending restraint.”