Will Canada Introduce New Taxes Like a Home Equity Tax? - Episode 16

In this episode, Kim G C Moody discusses whether or not Canada will introduce new forms of taxation like a wealth tax and / or a home equity tax. These are not new ideas but in light of the capital gains inclusion rate increase that came out of the 2024 CDN federal budget, it is obvious that the CDN government is in search of new taxation revenues to fund its reckless spending. Some left leaning “think-tanks” are proposing an annual “surtax” on CDN homes valued over $1M in order to deal with “generational fairness”. Are these ideas good ideas? No…they are terrible ideas. Come along for a listen as Kim proposes other ideas.