An Unaffordable Budget

13 November 2025

On November 4, the Liberal Government released its latest annual budget. It has been standard practice to present the annual budget in Parliament by March or April of each year. This is so because the federal fiscal year starts on April 1 of the year and ends on March 31 of the following year. The unprecedented delay in producing Budget 2025 has allowed the Liberals to spend about $343 billion (7 months worth of the total budget of $586 billion) of taxpayer money prior to asking for approval from Parliament to do so.

Clearly, this is yet another example of the disrespect the Liberals have for our highest of institutions, and more importantly our democratic process. This budget is the most expensive in Canadian history outside of the pandemic.

Families in Aurora and Richmond Hill are already paying the price for this government’s reckless spending. I keep hearing the same thing: their lives are getting harder, and they’re working longer just to keep up with rising costs for food, housing, fuel, and everyday essentials. The Liberal Prime Minister promised fiscal discipline but delivered the opposite. Mark Carney said he would spend less, but added $90 billion in new spending, adding an additional debt of $5,400 more for every Canadian family this year alone.

Every hour, the federal debt grows by $10 million. Interest payments now exceed what the government transfers to provinces for healthcare and will surpass what it collects through all the GST across the entire country for the entire year. That means every dollar Canadians pay in GST goes to bankers and bondholders instead of doctors and nurses. The more this government spends, the more everything costs, and the less Canadian families can afford.

Here at home, the results are clear. Groceries at local supermarkets are more expensive every week. Home prices in York Region remain out of reach for many families. Small business owners face higher taxes and rising input costs that threaten jobs and livelihoods. And for too many residents, the dream of home ownership has turned into the fear of unmanageable rent costs.

Food inflation in Canada has risen nearly 40 percent faster than in the United States. This is directly linked to the imposition of hidden food taxes, such as Mark Carney’s new industrial carbon tax, which imposes taxes on the farmers that grow our food and the truckers that deliver it. Nationally, food banks are now reporting more than 2.2 million visits per month. This is the highest number in our history. One third of food bank visitors are children. That is 24,000 children in Canada, today and every day, who will walk into a food bank hungry.

This is not the Canada we know. Canadians deserve better. Conservatives called on the Prime Minister to work with us to restore hope and an affordable future for all Canadians. We offered clear, practical solutions to the Liberals so they could deliver an affordable budget for affordable lives.

First, we proposed bringing down the deficit to the level Liberals promised in their last fiscal update. Second, we proposed scrapping hidden taxes on food, including the new industrial carbon tax on farmers, the food packaging tax that adds billions in costs, and the fuel standard tax that adds 17 cents per litre to diesel and gasoline for farmers. Third, we proposed ending the inflation tax by bringing down the deficit instead of printing money.

Unfortunately, the Liberals rejected all these ideas and voted against them, but Conservatives won’t stop fighting for families, seniors, and small business owners right here in Aurora—Oak Ridges—Richmond Hill.

Canadians don’t need higher taxes or more government debt. They need homes, jobs, and hope. Conservatives will deliver an affordable life by ensuring Canadians can once again afford to eat, heat, and house themselves. I will keep fighting for affordability for families in Aurora and Richmond Hill.