The Opposition has called on Prime Minister Justin Trudeau to release the complete recordings of his remarks made during a private meeting with a home equity tax lobby, says Blacklock's Reporter.Trudeau has not yet commented on his appearance at the exclusive event, where a lobbyist criticized homeowners for "reaping substantial gains in wealth."“The Prime Minister’s Office is refusing to give permission to release the full recording of the event,” Conservative MPs said in a statement. “If Trudeau goes through with this tax, the dream of homeownership will slip even further away from Canadians,” they added.On June 25, Trudeau attended an hour-long meeting in Vancouver hosted by Generation Squeeze, a University of British Columbia tax lobby that has long advocated for taxing some $3 trillion in Canadians’ home equity. The meeting was “omitted from Justin Trudeau’s official itinerary,” noted Conservatives, and no media were permitted. The audience was restricted to “supporters and allies,” said Generation Squeeze.“Canadians work hard to save and invest in their homes and their future and they expect their government to work equally as hard to find solutions they face,” said the Conservative MPs. They argued that the cabinet “created the housing crisis by failing to build enough homes and now want to place an unfair tax on Canadians.”Canada has never imposed an equity tax on the sale of principal residences. Parliament abolished inheritance taxes in 1972, which had been in place since the 1941 Dominion Succession Duty Act.In 2020, the Commons voted 292 to 27 against a New Democrat motion to impose a 1% annual equity tax on assets over $20 million, with the cabinet opposing the measure. Liberal MP Kevin Lamoureux (Winnipeg North), parliamentary secretary to the Government House Leader, remarked, “It is easy and wonderful to say to people we are going to tax the wealthiest and we are going to do this, do that, and take all that money and give it to the poor. At the end of the day, we need to spend time focusing on Canada’s middle class.”Professor Paul Kershaw, founder of Generation Squeeze, testified before the Commons finance committee in 2021, stating that homeowners have benefited from undeserved windfalls due to rising home values. “Canadians who tend to be older and reside more in urban areas have reaped substantial gains in wealth as a result of rising home prices, all while sleeping, watching TV,” he said.Conservative MP Ed Fast (Abbotsford, B.C.) questioned Kershaw, “When you talk about a tax shift, what exactly are you talking about?” Kershaw responded, “We should be taxing wealth.”“Would a person report to the Canada Revenue Agency their status as a homeowner and the home’s assessed value each year?” asked Conservative MP Pat Kelly (Calgary Rocky Ridge). Kershaw replied, “There are a range of ways to consider it.”“How much real estate equity tax would the federal government have to raise?” inquired MP Kelly. Kershaw responded, “I don’t think we have ever supplied that kind of precise answer.”.This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
The Opposition has called on Prime Minister Justin Trudeau to release the complete recordings of his remarks made during a private meeting with a home equity tax lobby, says Blacklock's Reporter.Trudeau has not yet commented on his appearance at the exclusive event, where a lobbyist criticized homeowners for "reaping substantial gains in wealth."“The Prime Minister’s Office is refusing to give permission to release the full recording of the event,” Conservative MPs said in a statement. “If Trudeau goes through with this tax, the dream of homeownership will slip even further away from Canadians,” they added.On June 25, Trudeau attended an hour-long meeting in Vancouver hosted by Generation Squeeze, a University of British Columbia tax lobby that has long advocated for taxing some $3 trillion in Canadians’ home equity. The meeting was “omitted from Justin Trudeau’s official itinerary,” noted Conservatives, and no media were permitted. The audience was restricted to “supporters and allies,” said Generation Squeeze.“Canadians work hard to save and invest in their homes and their future and they expect their government to work equally as hard to find solutions they face,” said the Conservative MPs. They argued that the cabinet “created the housing crisis by failing to build enough homes and now want to place an unfair tax on Canadians.”Canada has never imposed an equity tax on the sale of principal residences. Parliament abolished inheritance taxes in 1972, which had been in place since the 1941 Dominion Succession Duty Act.In 2020, the Commons voted 292 to 27 against a New Democrat motion to impose a 1% annual equity tax on assets over $20 million, with the cabinet opposing the measure. Liberal MP Kevin Lamoureux (Winnipeg North), parliamentary secretary to the Government House Leader, remarked, “It is easy and wonderful to say to people we are going to tax the wealthiest and we are going to do this, do that, and take all that money and give it to the poor. At the end of the day, we need to spend time focusing on Canada’s middle class.”Professor Paul Kershaw, founder of Generation Squeeze, testified before the Commons finance committee in 2021, stating that homeowners have benefited from undeserved windfalls due to rising home values. “Canadians who tend to be older and reside more in urban areas have reaped substantial gains in wealth as a result of rising home prices, all while sleeping, watching TV,” he said.Conservative MP Ed Fast (Abbotsford, B.C.) questioned Kershaw, “When you talk about a tax shift, what exactly are you talking about?” Kershaw responded, “We should be taxing wealth.”“Would a person report to the Canada Revenue Agency their status as a homeowner and the home’s assessed value each year?” asked Conservative MP Pat Kelly (Calgary Rocky Ridge). Kershaw replied, “There are a range of ways to consider it.”“How much real estate equity tax would the federal government have to raise?” inquired MP Kelly. Kershaw responded, “I don’t think we have ever supplied that kind of precise answer.”.This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
