As the federal election approaches, a new survey suggests that concerns over taxes and tariffs will be front and centre for Ontario voters heading to the polls later this month. Despite a temporary 90-day pause on U.S. tariffs, financial anxiety continues to weigh heavily on Ontarians, influencing how they plan to cast their ballots.
The survey, conducted by Ontario-based financial advisory firm Remolino & Associates, found that a majority of respondents see economic pressure—particularly taxation and the rising cost of living—as the most urgent issue this election. With inflation, debt, and uncertainty around global trade policies forming a perfect storm, many voters say they will “vote with their wallets.”
The poll revealed that 68 per cent of Ontario residents are still deeply concerned about how tax policy will affect their financial health. The cost-of-living crisis, compounded by fluctuating tariff threats and high personal debt levels, has made fiscal policy a decisive factor in this year’s vote.
When asked what should be prioritized, 40 per cent of respondents supported lowering income tax, while 19 per cent advocated for a reduction in the GST/HST rate nationwide. Another 22 per cent called for the expansion of tax credit programs, particularly those aimed at easing everyday financial burdens.
The survey also highlighted the scope of economic stress across the province. 58 per cent of respondents reported carrying significant debt, and while half expect a tax refund in 2025, many say that money will go directly to paying off bills or outstanding loans. Notably, 26 per cent expect to owe more taxes when they file this year.
Francisco Remolino, Principal of Remolino & Associates, said the findings underscore a broader issue: many Ontarians not only feel financially squeezed, but also lack awareness of existing tax credits and relief measures that could help.
“At a time when every dollar counts, our data shows that many Canadians are not only struggling with debt but also unsure of where to turn to for help,” Remolino said in an official statement.
With just weeks to go until election day, the message from voters is clear—campaign promises that don’t address affordability and financial relief may fall flat in the province that often decides the outcome of federal races.