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Trudeau must prove he won’t tax our homes

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From the Canadian Taxpayers Federation

Author: Franco Terrazzano 

Actions speak louder the words. That’s especially true when those words come from a politician with a track record of breaking promises and hiking taxes.

Prime Minister Justin Trudeau says he won’t send the taxman after Canadians’ homes. But if Trudeau wants Canadians to believe he won’t impose a home equity tax, there’s one thing he must do: end the CRA’s home reporting requirement.

In 2016, the Trudeau government made it mandatory for Canadians to report the sale of their primary residence even though it’s tax-exempt. If you sell your home, the CRA wants to know how much money you received from that sale. But if the taxman isn’t taxing it, why is the taxman asking that question? Is the CRA just curious?

Official Opposition Leader Pierre Poilievre confirmed to the Canadian Taxpayers Federation he would remove this reporting requirement if he forms government.

Trudeau must do the same. Otherwise, Canadians should worry a home equity tax is right around the corner. As Toronto Sun Columnist Brian Lilley recently wrote, “For Justin Trudeau and his Liberal Party, taxing your primary residence is a bad idea they just can’t quit.”

On June 25, Trudeau attended “a private town hall about generational fairness,” hosted by Generation Squeeze, a group advocating for home taxes.

What do you notice about the theme of that town hall? The government recently used the cloak of generational fairness to impose its capital gains tax hike.

The Trudeau government also spent hundreds of thousands funding and promoting a report from Generation Squeeze that complained of the “housing wealth windfalls gained by many home owners while they sleep and watch TV.”

The report recommended charging a tax on the value of homes above $1 million. The tax would cost Canadians up to $5.8 billion every year, and it would hit many normal Canadians. In British Columbia and Toronto, the typical home price is above $1 million.

Trying to improve affordability with tax hikes is like trying to boil water with your freezer. Higher taxes won’t make homes affordable. Consider this insight 50 pages into the report.

“Owners of homes valued over $1 million that include informal rental suites may try to recover the surtax by passing some of its cost on to renters,” reads the report.

It turns out higher taxes can make things cost more.

The head of Generation Squeeze was invited to a cabinet ministers’ retreat in Charlottetown last summer.

Documents uncovered by the CTF show staff in the prime minister’s office met twice with the head of Generation Squeeze, which included “a briefing about the tax policy recommendation.”

Trudeau has an appetite for taxing people’s homes. His recent capital gains tax hike will impact Canadians who sell secondary residences and cottages. He imposed a so-called anti-flipping home tax. And Trudeau taxes homes the government deems “underused.”

With Trudeau scrounging through the couch cushions looking for more money to paper over his deficits, Canadians should worry a home equity tax is next.

A home equity tax would come with a big bill for a young couple looking to upgrade to a family home or for grandparents who rely on the equity in their home to fund their golden years.

As an example, Canadians that bought their Toronto home for $250,000 in 1980 and sold it for $1.2 million today would pay between $50,000 and $190,000, depending on the type of home equity tax.

The Trudeau government has repeatedly flirted with home equity taxes. The only way for Trudeau to put Canadians’ minds at ease is to act and remove the requirement for taxpayers to report the sale of their home to the CRA.

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Alberta

IEA peak-oil reversal gives Alberta long-term leverage

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This article supplied by Troy Media.

Troy MediaBy Rashid Husain Syed

The peak-oil narrative has collapsed, and the IEA’s U-turn marks a major strategic win for Alberta

After years of confidently predicting that global oil demand was on the verge of collapsing, the International Energy Agency (IEA) has now reversed course—a stunning retreat that shatters the peak-oil narrative and rewrites the outlook for oil-producing regions such as Alberta.

For years, analysts warned that an oil glut was coming. Suddenly, the tide has turned. The Paris-based IEA, the world’s most influential energy forecasting body, is stepping back from its long-held view that peak oil demand is just around the corner.

The IEA reversal is a strategic boost for Alberta and a political complication for Ottawa, which now has to reconcile its climate commitments with a global outlook that no longer supports a rapid decline in fossil fuel use or the doomsday narrative Ottawa has relied on to advance its climate agenda.

Alberta’s economy remains tied to long-term global demand for reliable, conventional energy. The province produces roughly 80 per cent of Canada’s oil and depends on resource revenues to fund a significant share of its provincial budget. The sector also plays a central role in the national economy, supporting hundreds of thousands of jobs and contributing close to 10 per cent of Canada’s GDP when related industries are included.

That reality stands in sharp contrast to Ottawa. Prime Minister Mark Carney has long championed net-zero timelines, ESG frameworks and tighter climate policy, and has repeatedly signalled that expanding long-term oil production is not part of his economic vision. The new IEA outlook bolsters Alberta’s position far more than it aligns with his government’s preferred direction.

Globally, the shift is even clearer. The IEA’s latest World Energy Outlook, released on Nov. 12, makes the reversal unmistakable. Under existing policies and regulations, global demand for oil and natural gas will continue to rise well past this decade and could keep climbing until 2050. Demand reaches 105 million barrels per day in 2035 and 113 million barrels per day in 2050, up from 100 million barrels per day last year, a direct contradiction of years of claims that the world was on the cusp of phasing out fossil fuels.

A key factor is the slowing pace of electric vehicle adoption, driven by weakening policy support outside China and Europe. The IEA now expects the share of electric vehicles in global car sales to plateau after 2035. In many countries, subsidies are being reduced, purchase incentives are ending and charging-infrastructure goals are slipping. Without coercive policy intervention, electric vehicle adoption will not accelerate fast enough to meaningfully cut oil demand.

The IEA’s own outlook now shows it wasn’t merely off in its forecasts; it repeatedly projected that oil demand was in rapid decline, despite evidence to the contrary. Just last year, IEA executive director Fatih Birol told the Financial Times that we were witnessing “the beginning of the end of the fossil fuel era.” The new outlook directly contradicts that claim.

The political landscape also matters. U.S. President Donald Trump’s return to the White House shifted global expectations. The United States withdrew from the Paris Agreement, reversed Biden-era climate measures and embraced an expansion of domestic oil and gas production. As the world’s largest economy and the IEA’s largest contributor, the U.S. carries significant weight, and other countries, including Canada and the United Kingdom, have taken steps to shore up energy security by keeping existing fossil-fuel capacity online while navigating their longer-term transition plans.

The IEA also warns that the world is likely to miss its goal of limiting temperature increases to 1.5 °C over pre-industrial levels. During the Biden years, the IAE maintained that reaching net-zero by mid-century required ending investment in new oil, gas and coal projects. That stance has now faded. Its updated position concedes that demand will not fall quickly enough to meet those targets.

Investment banks are also adjusting. A Bloomberg report citing Goldman Sachs analysts projects global oil demand could rise to 113 million barrels per day by 2040, compared with 103.5 million barrels per day in 2024, Irina Slav wrote for Oilprice.com. Goldman cites slow progress on net-zero policies, infrastructure challenges for wind and solar and weaker electric vehicle adoption.

“We do not assume major breakthroughs in low-carbon technology,” Sachs’ analysts wrote. “Even for peaking road oil demand, we expect a long plateau after 2030.” That implies a stable, not shrinking, market for oil.

OPEC, long insisting that peak demand is nowhere in sight, feels vindicated. “We hope … we have passed the peak in the misguided notion of ‘peak oil’,” the organization said last Wednesday after the outlook’s release.

Oil is set to remain at the centre of global energy demand for years to come, and for Alberta, Canada’s energy capital, the IEA’s course correction offers renewed certainty in a world that had been prematurely writing off its future.

Toronto-based Rashid Husain Syed is a highly regarded analyst specializing in energy and politics, particularly in the Middle East. In addition to his contributions to local and international newspapers, Rashid frequently lends his expertise as a speaker at global conferences. Organizations such as the Department of Energy in Washington and the International Energy Agency in Paris have sought his insights on global energy matters.

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.

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Addictions

The Death We Manage, the Life We Forget

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Marco Navarro-Génie's avatar Marco Navarro-Génie

Our culture has lost the plot about what it means to live.

Reading that Manitoba is bringing supervised consumption to Winnipeg got me thinking.

Walk through just about any major Canadian city, and you will see them. Figures bent forward at seemingly impossible angles, swaying in the characteristic “fentanyl fold,” suspended between consciousness and oblivion. They resemble the zombies of fiction: bodies that move through space without agency, awareness, or connection to the world around them. We think of zombies as the walking dead. Health workers and bureaucrats reverse their overdoses, send them back to the street, and call it saving lives.

At the same time, Canada offers medical assistance in dying to a woman who cited chemical sensitivities and the inability to find housing. It has been offered to veterans who asked for support and were met instead with an option for death. We fight to prevent one form of death while facilitating another. The contradiction is not accidental. It reveals something about the people involved and the funding behind it. That’s our culture. Us. It appears to me that our culture no longer knows what life is.

Ask any politician or program bureaucrat, and you will hear them explain, in the dry language of bureaucracy, that the twin approach to what they call harm reduction and medical assistance in dying (MAiD) rests on the shared premise of what they believe to be compassion. They think they respect autonomy, prevent suffering, and keep people alive when possible. It sounds humane. It is, in practice, incoherent. Bear with me for a moment.

The medical establishment administers naloxone to reverse overdoses in people who spend as many as twenty hours a day unconscious. They live without meaningful relationships or memories, with little capacity for choice. The technocrats and politicians call that saving lives. They also provide assisted death to people whose suffering comes primarily from poverty, isolation, or lack of housing. There was a time when these factors could, at least in theory, be addressed so that the terminal decision did not need to be made. Now they are accepted as grounds for ending life.

But why is one preference final and the other treated as an error to correct? That question reflects the deeper disorientation.

We saw the same thing during COVID. Elderly people in care homes were left without touch, family, or comfort for days. They often died in solitude, their dementia accelerated by isolation. And those conditions were inflicted upon them in the name of saving their lives. The “system” measured success in preventing infections, not in preserving connections. Je me souviens. Or we should.

There is a pattern here. We have reduced the idea of saving lives to keeping bodies breathing, while ignoring what makes a life human: agency, meaning, development, and relationship. And in doing so, we begin to define life as mere biological persistence. But to define life by the capacity to breathe and perform basic functions is to place ourselves on the same footing as the non-human animals. It is to say, tacitly, that there is no fundamental distinction between a person and a creature. That, too, is a form of forgetting.

To be clear, the argument here is not that hopeless drug users should be administered MAiD. Instead, it is essential to recognize that the intellectual framework behind harm reduction and MAiD must be taken seriously, as it rests on some rationally defensible claims. In an age where most arguments are emotive and unexamined, the mildly logical has become strangely compelling.

It begins with the idea of autonomy. We cannot force others to live by our values. Every person must decide what makes life worth living. To insist otherwise is paternalism.

Then comes pragmatic compassion. People will use drugs whether we approve or not. People will find their lives unbearable, whether we acknowledge it or not. We can support them or moralize while they die.

There is also an emphasis on subjective experience. No one knows another’s pain. If someone says their suffering is intolerable, we are in no position to deny it, they say. If a user would rather face opioids than withdrawal and despair, are we entitled to interfere?

Finally, the comparison to medical ethics: we do not withhold insulin from diabetics who continue to eat poorly. We do not deny cancer treatment to smokers. Medicine responds to suffering, even when the patient has contributed to their condition. Harm reduction, they argue, simply applies that principle to addiction.

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These arguments produced tangible benefits, they argue. Needle exchanges reduced HIV transmission. Naloxone kits prevented deaths. Safe injection sites meant fewer people dying alone. MAiD brought relief to those in agony. These were not trivial outcomes. I am aware.

Yet when we look more closely, the very logic that underlies these policies also exposes their fatal limitations.

Addiction undermines choice. It hijacks the brain’s ability to reason, compare, and choose. A person deep in addiction is not selecting between alternatives like someone choosing coffee or tea. The structure of choice, the human will, itself is broken. The addiction decides before the person does. St Augustine knew this. Dostoyevsky knew it too.

And for the empirically minded, the research supports this. In British Columbia, where the “safe supply” model was pioneered, some addiction physicians now say the policy is failing. Worse, it may be creating new opioid dependencies in people who were not previously addicted. A study earlier this year found that opioid‑related hospitalizations increased by about 33 percent, compared with pre‑policy rates. With the later addition of a drug-possession decriminalization policy, hospitalizations rose even more (overall, a 58 percent increase compared to before SOS’s implementation). The study concluded that neither safer supply nor decriminalization was associated with a statistically significant reduction in overdose deaths. This is not freedom. It is a new form of bondage, meticulously paved by official compassion.

Despair disguises itself as autonomy, especially in a spiritually unmoored culture that no longer knows how to cope with suffering. A person requesting assisted death because of chronic, untreatable pain may appear lucid and composed, but lucidity is not the same as wisdom. One can reason clearly from false premises. If life is reduced to the absence of pain and the preservation of comfort, then the presence of suffering will seem like failure, and death will appear rational. But that is not a genuine choice because it is based on a misapprehension of what life is. All life entails pain. Some of it is redemptive. Some of it is endured. But it does not follow that the presence of suffering justifies the conclusion of life.

Someone turning to drugs because of homelessness, abandonment, or despair is often in an even deeper eclipse of the will. Here, there is not even the appearance of deliberation, only the reach for numbness in the absence of meaning. What looks like a decision is the residue of collapse. We are not witnessing two forms of autonomy, one clearer than the other. We are witnessing the breakdown of autonomy in various forms, and pretending that it is freedom.

Biological survival is not life. When we maintain someone in a state of near-constant unconsciousness, with no relationships, no capacity for flourishing, we are not preserving life. We are preserving a body. The person may already be gone. To define life as nothing more than breathing and performing bodily functions is to deny what makes us human. It reduces us to the level of non-human creatures, sentient, perhaps, but without reason, memory, moral reflection, or the possibility of transcendence. It tacitly advances the view that there is no essential difference between a person and a critter, so long as both breathe and respond to some stimuli.

Governments do these things to keep ballooning overdosing deaths down, preferring to maintain drugs users among the undead instead. That reminds me of how the Mexican government hardly moves a finger to find the disappeared, 100,000 strong of lately. For as long ss they’re disappeared, they choose not to count them as homicides, and they feel justified in ignoring the causes of all the killing around them.

Some choices are nefarious. Some choices deserve challenge. Not all autonomous acts are equal. The decision to continue living with pain, or to fight addiction, requires agency. The decision to surrender to despair may signal the absence of it. To say all choices are equal is to empty the word autonomy of meaning.

This reflects a dangerously thin view of the human person that permeates our present. What we now call “harm” is only death or physical pain. What we call good is whatever someone prefers. But people are more than collections of wants.

We should have learned this by now. In Alberta, safer supply prescribing was effectively banned in 2022. Officials cited diversion and lack of measurable improvement. We are forcing some people into treatment because we recognize the impairment of judgement in addiction.

In British Columbia, public drug use was quietly re-criminalized after communities rebelled. This was an admission of policy failure. “Keeping people safe is our highest priority,” Premier David Eby said. Yet safe supply remains. In 2023, the province recorded more than 2,500 overdose deaths. Paramedics continue to respond to thousands of overdose calls each month. This is not success. It is a managed collapse.

Meanwhile, Manitoba is preparing to open its own supervised drug-use site. Premier Wab Kinew said, “We have too many Manitobans dying from overdose… so this is one tool we can use.” That may be so. However, it is a tool that others are beginning to set aside. It is a largely discredited tool. Sadly, in the self-professed age of “Reconciliation” with Aboriginal Canadians, Aboricompassionadians are disproportionately affected by these discredited policies.

The Manitoba example illustrates the broader problem, despite damning evidence. Instead of asking what helps people live, we ask whether they gave consent. We do not ask whether they were capable of it. We ask whether they avoided death. We do not ask whether they found purpose.

We are not asking what might lead someone out of addiction. We are not asking what they need to flourish. We ask only what we can do to prevent them from dying in the short term. And when that becomes impossible, technocracy offers them death in a more organized form, cleanly approved by government. That’s compasson.

The deeper problem is not policy incoherence. It is the cultural despair that skates on the thin ice of meaninglessness. These policies make sense only in a culture that has already decided life is not worth too much. What matters is state endorsement and how it’s done .

It is more cost-effective to distribute naloxone than to construct long-term recovery homes. It is easier to train nurses to supervise injection than to provide months of residential treatment. It is far simpler to legalize euthanasia for the poor and the suffering than to work on solutions that lift them out of both. But is it right?

This is not compassion. It is surrender.

A humane policy would aim to restore agency, not validate its absence. It would seek out what helps people grow in wisdom and self-command, not what leaves them comfortably sedated. It would measure success not in lives prolonged into darker dependency but in persons recovered. In lives better lived.

This vision is harder. It costs time. It requires greater effort. It requires care and what some Christians call love of neighbour. It may require saying no when someone asks for help that could lead to ruin. But anything less is not mercy. It is a slow walk toward death while we leave the “system” to pretend there is no choice.

We did have a choice. We chose shallow comfort over deep obligation. We chose to manage symptoms rather than confront the deeper conditions of our age: loneliness, meaninglessness, despair. And now we live among the results: more, not fewer, people swaying in silence, already gone walking dead.

We might ask what we’ve forgotten about suffering, about responsibility, about what life is. Lives are at stake. True. But when our understanding of life is misdirected, so will be the policies the state gives us.

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