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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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Bruce Dowbiggin

DEI Or Die: Out With Remembrance, In With Replacement

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“Thank you to those so often forgotten by the politics of our city who made this movement their own. I speak of Yemeni Bodega owners and Mexican abuelas, Senegalese taxi drivers and Uzbek nurses, Trinidadian line cooks and Ethiopian aunties”.- new NYC mayor Zohran Mamdami

The new mayor’s effusive tribute to immigrants is very on-brand for the Woke Left. Coming as it did on the week where Canadians’ remembered the sacrifice of the over one hundred thousand who “died to make the world free” in WWI, WWII and Korea— even as their homes are squeezed between hereditary land rights and Justin Trudeau’s holiday camp.

For Boomers that battle sacrifice has underpinned their lifestyle for most of the past 75 years or so. No matter how cynical or hipster the Boomer, the phrase “They died to make the world free” was the Gorilla Glue holding Western civilizations together. Whether you agreed or not, you acknowledged its pre-eminence in society.

Those who annually recall family members who’d made the ultimate sacrifice underscore that “they died to make the world free” is foundational in their national myth making. For example, our younger son placed roses on my uncle’s grave in the Commonwealth war cemetery near Hanover, Germany. He then delivered the petals to his grandmother to acknowledge the loss of her brother.

These rituals of sacrifice were everywhere till the early decades of the twenty-first century when the demographics of declining birth rates in the West combined with aggressive immigration— both sanctioned and illegal— to create the Beirut  described by mayor Mandami upon election. He was talking about NYC, but it could have been Toronto, Montreal or Vancouver. But you are free to ask what freedom means in this context.

North America in particular has long encouraged immigration. It was typically combined with assimilation in the doctrines used by governments of the day. People from around the globe arrived in the West and aspired to the cultural and financial modes they discovered. For one young Ukrainian boy we knew the figure of Frank Mahovlich, son of Croatian immigrants, on the Toronto Maple Leafs was proof that he could belong in his new society.

But somewhere along the way the suicidal empathy of progressives— combined with a need for low-income workers for corporations— loosened the expectations for those arriving in the West. In Canada, prime minster Justin Trudeau adopted Yan Martel’s diversity model of Canada as a travellers’ hotel. No longer would newcomers need to assimilate.

They could live side-by-side with ancestors of original inhabitants while still recreating their former homelands. In time the bureaucracy— and revenge of the cradle— would replace the cranky white people with a more malleable electorate. It was Replacement Theory.

The Canadian boys going over the top at Vimy or taking off in their Lancaster bombers would never have foreseen this as they risked their lives. They couldn’t countenance the people they’d fought for throwing away their sacrifice on a pandering scheme like DEI (diversity, equality, inclusion) which replaced merit with settler guilt in hiring decisions.

When government admonitions to accept their societal revolution failed to produce enough newcomer guilt, social media filled the gap. Remember the drowned Syrian boy on the beach in 2015? The uproar about Canada’s immigration policies helped unseat Steven Harper and install a trust-fund puppet in the PMO. And it opened the floodgates that sent Canada from 35 million to 42.5 population in a decade.

As Mark Steyn observes, “Winston Churchill said we shall fight them on the beaches; his grandson Rupert Soames set up the highly lucrative business model whereby we welcome them on the beaches …and then usher them to taxpayer-funded four-star hotels with three meals a day and complimentary cellphone. That’s the story of the post-war west in three generations of one family.”

Recent reports show that many top American corporations are moving away from DEI back to merit-based hiring. But Canada’s government, led by its Woke academic and culture sectors, remains stubbornly fixed on the DEI model. That obsession keeps the corporate side from emulating their American counterparts.

The tell that DEI is far from dead can be seen in how the advertising world has doubled down on the orthodoxy of majority male whites bad/ everyone else good. In what is clearly a political, not profitable approach, minorities, mixed-race couples and women are featured in commercials in numbers far disproportionate to their percentage of the population.

A blend of LGBTQ and Rousseau’s The Noble Savage has produced The Church Lady come to the 2020s. Upper-class blacks are portrayed as authority figures while white males are hillbilly figures of ridicule. This is not to placate those communities but to assuage the guilt felt by educated white liberals.

Mixed-race commercials now mandate that virtually no same-race figures be allowed to be paired on-camera. (Having the ironic effect of white liberals telling the minorities they worship that they are not worthwhile unless in combination with the evil settler demographic.)

It’s the same in movies and TV which used to complain about cultural appropriation but now suddenly place racial and gender-inappropriate actors in period roles that are clearly specific to whites and males. For example, Netflix’s new series Death by Lightning is set in Chicago, 1880 – and this foreground establishing scene pops up.:

•an Asian woman,

•two Black men,

•and a one-legged man

  • all walking together. @StutteringCraig estimates the odds of this DEI dream at roughly 1 in 640,000. No matter. Authenticity is so yesterday.

The DEI obsession has pilled over into traditional Remembrance Day ceremonies that were marred by land acknowledgements and slavery references (slavery was banned in Canada 45 years before it became a nation.) Which led to CBC running a story on the Palestinian flag being raised at Toronto city hall on Remembrance Day.

In B.C. premier David Eby has declared that Canada now needs a power-sharing with the Cowichan and their confederates. American politics is also loath to give up their DEI dogma. In one real-life example leftist radio host Stephanie Miller kissed the feet of unhinged Democrat Rep. Jasmine Crockett. “Why, yes I DID kiss the sneakers of @JasmineForUS and I DO worship the ground she walks on! And she was LOVELY about it!” The laces fetishists think this performative theatre will always be thus. It won’t.

“The Venetian Republic lasted 1,100 years – and ninety-nine per cent of North Americans have never heard of it. But, on present demographic and fiscal trends, that’s four times longer than the United States is likely to make it,” Steyn observes.

“Walk around New York: The Yemeni-Mexican-Senegalese-Uzbek-Trinidadian-Ethiopians are the future. And you’re not.”

Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster  A two-time winner of the Gemini Award as Canada’s top television sports broadcaster, his new book Deal With It: The Trades That Stunned The NHL And Changed hockey is now available on Amazon. Inexact Science: The Six Most Compelling Draft Years In NHL History, his previous book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org . His 2004 book Money Players was voted sixth best on the same list, and is available via brucedowbigginbooks.ca.

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Energy

Canada’s oilpatch shows strength amid global oil shakeup

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This article supplied by Troy Media.

Troy MediaBy Rashid Husain Syed

Global oil markets are stumbling under too much supply and too little demand but Canada’s energy sector is managing to hold its own

Oil prices are sliding under the weight of global oversupply and weakening demand, but Canada’s oilpatch is holding steady—perhaps even thriving—as others flounder.

Crude is piling up in tankers, major producers are flooding the system, and demand is fading fast. According to a Windward report cited by Oilprice.com, the amount of oil held in floating storage—tankers sitting offshore waiting for buyers —has hit record highs. Sanctions on Russian and Iranian crude have sidelined entire fleets. Meanwhile, Middle East cargoes continue to pour in, keeping global supply bloated.

Gunvor CEO Torbjorn Tornqvist called the scale “unprecedented,” warning the market would be flooded overnight if sanctions against Russian and Iran were lifted.

And there’s more coming. U.S. crude production has hit a new record of 13.8 million barrels per day in August. And China’s Changqing oilfield just surpassed 20 million tonnes in cumulative output, and national totals have topped 400 million tonnes of oil equivalent this year. More barrels. More pressure. Less price support.

At the same time, demand is slipping. U.S. gasoline use is down. Global shipping activity has slowed. JPMorgan just trimmed its 2025 oil demand forecast by 300,000 barrels per day. China’s manufacturing sector shrank for the seventh month in a row.
Japan’s purchasing index dropped to an 18-month low. And recession fears are back in the headlines.

OPEC+ tried to calm the chaos by announcing a modest increase in output this December, with a pause on future hikes. But the move didn’t move markets. Then Saudi Arabia cut its selling prices to Asia, a clear signal that the kingdom sees weak demand ahead.

In short, it’s messy out there. But not everywhere.

Amid this global downturn, Canada’s energy sector stands out for one rare quality: resilience. While other producers are scaling back or scrambling to adapt, Canada’s oilpatch is quietly outperforming.

A recent CBC News report highlighted the sector’s staying power and why it’s better positioned than its U.S. counterparts. “The companies that have survived here are the companies that have been able to adapt,” said Patrick O’Rourke, managing director at ATB Capital Markets. “It’s effectively Darwinism.”

It’s also smart design. Canada’s oilsands—primarily in Alberta—are expensive to build but cheap to run. Once the upfront costs are covered, producers can keep pumping for decades with relatively low reinvestment. That means even in a
downturn, output stays strong.

Dane Gregoris of Enverus says Canada’s conventional sector is holding up better than the U.S. shale patch. Why? Canadian oil producers operate more efficiently, with fewer legal and logistical barriers tied to land access and ownership than their U.S. shale counterparts. They also benefit from lower operating costs and are less dependent on relentless drilling just to maintain output.

And now, they finally have a way to get more oil out.

The long-delayed Trans Mountain pipeline expansion is finally complete. It delivers Alberta crude to B.C.’s tidewater and, from there, to Asian markets. That access, once a significant limitation for Canadian producers, is now a strategic advantage. It’s already helping offset lower global prices.

Canada’s energy sector also benefits from long-life assets, slow decline rates and political stability. We have a reputation for responsible regulation, but that same system can slow development and limit how quickly we respond to shifting global demand. We can offer a stable, secure supply but only if infrastructure and regulatory hurdles don’t block access to it.

And for Canadians, that matters. Oil prices don’t just fuel industry headlines; they shape provincial and national budgets, drive investment and underpin jobs across the country. Most producers around the world are bracing for pain but Canada may be bracing for opportunity to expand its presence in Asian markets, secure long-term export contracts and position itself as a reliable supplier in a turbulent global landscape.

None of this means Canada is immune. If demand collapses or sanctions lift, prices could sink further. But in a volatile global landscape, Canada isn’t scrambling—it’s competing.

While others slash forecasts, shut wells or hope for an OPEC rescue, Canada’s energy producers are doing something rare in today’s oil market: holding the line.

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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