[wave46]

Politicians will promise anything to get elected, so no, the end of 'tax cuts' is not nigh.

That being said several decades of the mantra tax cuts have left a significant fiscal room for increases. Or spending restraint. Or some combination of both.

You could probably increase the GST by a couple of points, eliminate some tax credits, raise the rates on income taxes and trim eligibility for some of our more expensive programs (see: OAS eligibility, Canada Child Benefit) and probably return to fiscal balance soon enough. If you had to delay some infrastructure spending, that could help too.