The CTF unveiled the massive figure near Parliament Hill on Thursday, saying it was full of "2,150 cubic feet of hot air" and it's clutching a briefcase full of cash and has his hand open asking for more.
Gregory Thomas, CTF federal director, told reporters that Senate reform has been a failure and that Canadians should weigh in on whether it's worth keeping in a referendum in 2015 during the next election.
The CTF takes the position that the Senate should be shut down and that Canadians shouldn't foot the bill for "six-figure salaries, expense accounts, personal staff, lavish offices and expensive foreign travel for unelected Senators."
The CTF has launched a petition urging Prime Minister Stephen Harper to hold a referendum.
The custom-made inflatable cost almost $5,000.