Madam Speaker, I was listening earlier to a number of people, and I think one thing we all agree on in the House is that it is an honour and a privilege to serve the people who elected us to be here.
I want to thank the people of Niagara West, and I do not think I could ever thank them enough. I would never take that for granted. I was reminded of that as a number of my constituents were in Ottawa today, whom I had a chance to meet and get caught up with, from various parts of my riding, such as St. Anns, Wainfleet, West Lincoln, Grimsby and Jordan. It was great to have them take the time to come up here.
I rise today to talk about this year's budget. As we all know, every year the budget is one of the most important items we discuss in this chamber. It is important because it is a road map for our country's finances for the next year and beyond. It is important because it is an opportunity to support families and businesses, and to grow our country's economy.
Each year, many of my constituents look forward to reading the budget to see how this country's finances will be managed. Currently, our country has several crises the Liberal government is unable to address. The first is the overtaxation of families and businesses. The second is inflation-inducing spending. The third is the cost of living crisis we are in. Last, but not least, we have a major housing crisis.
The folks in Niagara West and, frankly, millions of families from across Canada, are not happy with how things are going financially for them. Families and businesses are struggling. I truly do not believe the government is addressing the needs of Canadians and Canadian businesses. I have said that many times in the House over the past eight years. I get many phone calls and correspondence from constituents saying that their paycheques are no longer covering their monthly expenses. That means they have to go deeper into debt each month to pay for the essentials, whether that is for food, heating their home, putting gas in the family vehicle or other necessities.
Seniors on fixed incomes in my riding are also expressing the same concerns. As prices for everything increase, on what seems like a weekly basis, household budgets are not just strained, they are broken. This is something that is extremely concerning to me. My constituents have made it clear to me that their quality of life has become worse under the Liberal government. At this point, my constituents do not trust the Liberal government to ensure their money is well spent or that it will deliver on its promises. From the Liberal promise that the carbon tax rebate would cover the cost to families, to the promise that the deficit this year would go down, my constituents simply cannot rely on the Liberals to be honest. I have had to tell folks who were calling my office that the reason gas for the family vehicle went up again on April 1 is because of the carbon tax, which added another 14¢ per litre this year.
Driving kids to school and hockey is not the only thing that will be more expensive with a yearly rising carbon tax. Every year the Liberals hike the carbon tax, they also make it more expensive for families in my riding to heat their homes and get to work. Let me put it this way so the folks who are listening will understand what is really happening: Every time the Liberal government increases the carbon tax, virtually everything we purchase and pay for gets more expensive. It is that simple. Out of the many misguided fiscal policies of the last eight years of the government, the carbon tax is especially devastating to family budgets. Believe me, the Liberals know it. I am just not sure they care.
They promised the carbon tax scheme would be revenue neutral. They promised that what Canadians pay through the carbon tax would be returned in rebates. They promised that Canadians would not pay more. The Liberals broke that promise. Who is paying more? Canadian families around the country. Folks feel like they have been scammed, but for how much? The Parliamentary Budget Officer said that the average Canadian will spend at least $1,500 more in taxes than what they get back in rebates. At the end of the day, Canadian families realize that the carbon tax is a tax plan and just another tax. The government was disingenuous when it said it would help the environment. Why is that? It is because it has not hit a single emissions target yet. What did it do instead? It implemented the tax, which increases every year on April 1 and leaves families, on average, $1,500 poorer each year.
Ultimately, the carbon tax is not an environmental plan, as the Liberals continue to falsely claim. It is a costly tax plan that is especially damaging to Canadians, especially those on fixed incomes or living in rural Canada. I have heard colleagues tonight talk about the differences and challenges of living in rural Canada. We do not have public transit. It is not easy to get around when we need a car for everything we do. We should have that choice.
The government continues to have this false idea that it can spend and tax its way to prosperity. That is a fundamental mistake that is costing millions of families across Canada thousands of dollars a year, and it will only get worse. The government is unable and unwilling to rein in its spending, so it will just increase taxes to cover its extra expenses. Its out-of-control spending is pushing up inflation. It knows it, and we know it. At this point, everyone is feeling it and knows it.
The Liberal inflationary spending has caused the cost of food and groceries to skyrocket. As a result, one in five Canadians are skipping meals and people are literally going to food banks asking for help to end their lives, and not because they are sick but because they just cannot afford to eat. This is actually happening right here in our country.
Let me repeat this because I do not think it can be stressed enough: People are going to food banks, asking for help to end their lives and not because they are sick but because they cannot afford to eat. By the way, food bank usage is at its highest levels ever.
In the meantime, the government talks about its grocery rebate. Sure, it is giving a rebate; that is true. However, the rebate would give $234 for a single adult to cover the rising cost of food that the Liberals' inflationary deficits helped create. They are giving with one hand and taking with another, so that kind of reminds me of the Liberal government's view of the economy and it can be summed up in a few short phrases: If it moves, they tax it; if it keeps moving, they regulate it; and if it stops moving, they subsidize it.
In fact, Canada's Food Price Report 2023 predicts that a family of four will spend up to $1,065 more on food this year. That is almost $600 more than the $467 rebate they will receive. That is why it is difficult to hear the government members consistently repeating falsehoods, misinformation and disinformation with respect to how good they think Canadians have it, especially when I hear folks in my riding struggling because of the Liberal government's misguided and flawed approach to the economy.
More inflationary spending and increased taxation will put our country in increasingly worse shape, year after year. The interest rate alone on the debt that the Liberals are racking up is mind boggling. Most Canadians are not aware of the astronomical amount of debt that our country owes and the enormous interest payments that have to be made on this debt. For the folks watching at home, Canada's federal debt, as was mentioned earlier by my colleague, for the 2023-24 fiscal year is projected to reach $1.22 trillion. That is nearly $81,000 per household. The cost to service Canada's debt this year is projected to be at $43.9 billion. Imagine that: almost $44 billion just to service our national debt. These kinds of numbers are almost impossible for people to relate to and easily understand; perhaps that is the Liberals' intention.
Look, it is quite straightforward. At a time when Canadians are facing rising costs of living, thanks to inflationary deficits, families and small business owners cannot afford to pay more and especially not more taxes like the carbon tax. Our party, the Conservative Party of Canada, when we form government after the next election, is committed to scrapping this monumentally flawed tax. We believe that we should protect our environment with technology and not with ever-increasing taxes that clearly do not work. We do not believe in punishing working people for heating their homes and driving to work.
If you will allow me, Madam Speaker, I would like to discuss another topic that I find particularly troubling. Everyone knows and even the Liberals acknowledge that we are in a housing crisis. There are just not enough houses for Canadians and houses on the market are ridiculously expensive. The average rents are almost out of control.
We are seeing the dream of home ownership disappear for young new Canadians under the current government. A staggering statistic is that nine in 10 people who do not own a home say they never will. That is because since 2015 when the Liberal government came to power, the down payment needed to buy a house has doubled. The minimum payment has gone from an average of $22,000 to $44,000 across Canada. Forty-five thousand dollars is almost impossible to save for a down payment. In 2015, the average monthly payment of a new house was $1,400. Today, it has gone up to over $3,100. In 2015, one needed only 39% of the average paycheque to make monthly payments on the average house. That number has risen to 62%.
These numbers are clearly unsustainable. These numbers indicate that there is something immensely wrong with how the Liberal government has approached housing since being elected in 2015. What is even more concerning is that there is no end in sight. My concern is that we provided solutions to the Liberals' failures, but they are not listening. It seems like they are not listening because the ideas are coming from the other side of the House. I think I can speak for my Conservative colleagues when I say that we stand ready to provide effective ideas to get Canada back on the right financial track. If the Liberals do not take us up on this offer, we will have to clean up their mess after we form government in the next election.
