You keep talking about a wealth tax and the deletion of the capital gains exemption. But where is it? You scare people for nothing.

You keep talking about a wealth tax and the deletion of the capital gains exemption. But where is it? You scare people for nothing. 

Investor Asked on February 3, 2025 in Real Estate.
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The government commissioned UBC at a cost of $250,000 to do a study on a home equity tax. Professor Kershaw created and launched a trial balloon of a wealth tax after that in 2022. Went over like a lead balloon. But look at the Generation Squeeze – a think tank purportedly dedicated to promoting well-being and fairness for Canadians across generations. (Google it and worry if you are a homeowner or over 50.) 

According to Blackrock Reporter in 2022, CMHC approved a $200,000 grant to proponents of a home equity tax, as revealed through Access to Information records

Also he said – and NOTE: Cabinet quietly polled Canadians on a home equity tax even after promising it would not introduce the measure, records disclose. Cabinet aides commissioned focus groups on the question as Prime Minister Justin Trudeau attended an invitation-only meeting with home equity tax advocates in Vancouver last June: “We can all learn from each other.” 

Guru Answered on February 3, 2025.
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