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Financial Advice From Your Future Self

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Financial Advice From Your Future Self

By Investors Group / May 2016

3 crucial savings tips you need to know about now.

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What would you tell your younger self about money? The earlier you begin, the greater your rewards.

If your future self could give you some advice, it would probably sound an awful lot like this: ā€œStart early. Ask for help. Have fun!ā€

A group of retirees recently shared very similar sentiments about their finances in an Investors Group and PMG Research report called Value of Advice in Canada’s Retirement Market.

Why not learn from their financial mistakes and successes to get yourself on solid footing as you start to save for your retirement? Here’s the advice retirees would have wanted to share with their 20-something selves:

Start early

Make the magic of compound interest work for you by starting your savings as early as possible. Debt reduction is important, too, but don’t let it interfere with your plans to save – even the smallest amount saved early will grow.

Ask for help

Working with a financial advisor to create a fully comprehensive financial plan brings great benefits, including increased investment discipline and greater savings. Again, the earlier you begin, the greater your rewards.

Have fun

Those surveyed said retirement is easier if you know what you like to do. If you are lucky enough to do work that is aligned with your interests and passions, you may not even want to retire!

For more information CLICK HERE.

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Economic Update

2025 Federal Election

Columnist warns Carney Liberals will consider a home equity tax on primary residences

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From LifeSiteNews

By Steve Jalsevac

The Liberals paid a group called Generation Squeeze, led by activist Paul Kershaw, to study how the government could tap into Canadians’ home equity — including their primary residences.

Winnipeg Sun Columnist Kevin Klein is sounding the alarm there is substantial evidence the Carney Liberal Party is considering implementing a home equity tax on Canadians’ primary residences as a potential huge source of funds to bring down the massive national debt their spending created.

Klein wrote in hisĀ April 23 columnĀ and stated in his accompanying video presentation:

The Canada Mortgage and Housing Corporation (CMHC) — a federal Crown corporation — has investigated the possibility of a home equity tax on more than one occasion, using taxpayer dollars to fund that research. This was not backroom speculation. It was real, documented work.

The Liberals paid a group called Generation Squeeze, led by activist Paul Kershaw, to study how the government could tap into Canadians’ home equity — including their primary residences.

Kershaw, by the way, believes homeowners are ā€œlottery winnersā€ who didn’t earn their wealth but lucked into it. That’s the ideology being advanced to the highest levels of government.

It didn’t stop there. These proposals were presented directly to federal cabinet ministers. That’s on record, and most of those same ministers are now part of Mark Carney’s team as he positions himself as the Liberals’ next leader.

Watch below Klein’s 7-minute, impassionate warning to Canadians about this looming major new tax should the Liberals win Monday’s election.

Klein further adds:

The total home equity held by Canadians is over $4.7 trillion. It’s the largest pool of private wealth in the country. For millions of Canadians — especially baby boomers — it’s the only retirement fund they have. They don’t have big pensions. They have a paid-off house and a hope that it will carry them through their later years. Yet, that’s what Ottawa has quietly been circling.

The Canadian Taxpayer’s Federation has researched this issue and published a report on the alarming amount of new taxation a homeowner equity tax could cost Canadians who sell their homes that have increased in value over the years they have lived in it. It is a shocker!

A Google search on the question, ā€œwhat is a home equity tax?ā€ returns the response:

A home equity tax, simply put, it’s a proposed levy on the increased value of your home, specifically, on your principal residence. The idea is for Government to raise money by taxing wealth accumulation from rising property values.

The Canadian Taxpayers Federation has provided aĀ Home Equity Tax Calculator BackgrounderĀ to help Canadians understand what the impact of three different types of Home Equity Tax Calculators would have on home owners. The required tax payment resulting from all three is a shocker.

Keep in mind that World Economic Forum policies intend to eventually eliminate all private home ownership and have the state own and control not only all residences, but also eliminate car ownership, and control when and where you may live and travel.

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Steve is the co-founder and managing director of LifeSiteNews.com.
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2025 Federal Election

Carney’s Hidden Climate Finance Agenda

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From Energy Now

By Tammy Nemeth and Ron Wallace

It is high time that Canadians discuss and understand Mark Carney’s avowed plan to re-align capital with global Net Zero goals.

Mark Carney’s economic vision for Canada, one that spans energy, housing and defence, rests on an unspoken, largely undisclosed, linchpin: Climate Finance – one that promises a Net Zero future for Canada but which masks a radical economic overhaul.

Regrettably, Carney’s potential approach to a Net Zero future remains largely unexamined in this election. As the former chair of the Glasgow Financial Alliance for Net Zero (GFANZ), Carney has proposed newĀ policies,Ā offices,Ā agencies,Ā  andĀ bureausĀ required to achieve these goals.. Pieced together from his presentations, discussions, testimonies and book, Carney’s approach to climate finance appears to have four pillars: mandatory climate disclosures, mandatory transition plans, centralized data sharing via the United Nations’ Net Zero Data Public Utility (NZDPU) and compliance with voluntary carbon markets (VCMs). There are serious issues for Canada’s economy if these principles were to form the core values for policies under a potential Liberal government.

About the first pillar Carney has beenĀ unequivocal: ā€œAchieving net zero requires a whole economy transition.ā€ Ā This would require a restructuring energy and financial systems to shift away from fossil fuels to renewable energy with CarneyĀ insistingĀ repeatedly in his book that ā€œevery financial [and business] decision takes climate change into account.ā€ Climate finance, unlike broaderĀ sustainable financeĀ with its Environmental, Social, and Governance (ESG) focus would channel capital into sectors aligned with a 2050 Net Zero trajectory.Ā Carney states: ā€œCompanies, and those who invest in them…who are part of the solution, will be rewarded. Those lagging behind…will be punished.ā€ Ā In other words, capital would flow to compliant firms but be withheld from so-called ā€œhigh emittersā€.

How will investors, banks and insurers distinguish solution from problem? Mandatory climate disclosures,Ā aligned withĀ the International Sustainability Standards Board (ISSB), would compel firms to report emissions and outline their Net Zero strategies.Ā Canada’s Sustainability Standards BoardĀ has adopted these methodologies,Ā despite concerns they would disadvantage Canadian businesses. Here, Carney repeatedly emphasizes disclosures as the cornerstone to track emissions data required to shift capital away from ā€œhigh emittersā€. Without this, he claims, large institutional investors lack the data on supply chains to make informed decisions to shift capital to businesses that are Net Zero compliant.

The second pillar, Mandatory Transition Plans would require companies to map a 2050 Net Zero trajectory for emission reduction targets. Failure to meet those targets would invite pressure from investors, banks, or activists, who may pursue litigation for non-compliance. The UK’sĀ Transition Plan Task Force, now part of ISSB, provides this standardized framework.Ā Carney, while at GFANZ, advocated using transition plans for a ā€œmanaged phase-outā€ of high-emitting assets like coal, oil and gas, not just through divestment but by financing emissions reductions. ā€œAs part of their transition planning, [GFANZ] members should establish and apply financing policies to phase out and align carbon-intensive sectors and activities, such as thermal coal, oil and gas and deforestation, not only through asset divestment but also through transition finance that reduces real world emissions. To assist with these efforts GFANZ will continue to develop and implement a framework for the Managed Phase-out of high-emitting assets.ā€ Clearly, the purpose of this is to ensure companies either decarbonize or face capital withdrawal.

The third pillar is the United Nations’ Net Zero Data Public Utility (NZDPU), a centralized platform for emissions and transition data.Ā Carney insistsĀ these data be freely accessible, enabling investors, banks and insurers to judge companies’ progress to Net Zero. As CarneyĀ noted in 2021: ā€œPrivate finance is judging…banks, pension funds and asset managers have to show where they are in the transition to Net Zero.ā€ Hence, compliant firms would receive investment; laggards would face divestment.

Finally, voluntary carbon markets (VCMs) allow companies toĀ offset emissionsĀ by purchasing credits from projects like reforestation. Carney, who launched theĀ Taskforce on Scaling VCMsĀ in 2020, has insisted on monitoring, verification and lifecycle tracking. Ā At aĀ 2024 Beijing conference, he suggested major jurisdictions could establish VCMs by COP 30 (planned for 2025 in Brazil) to create a global market. If Canada mandates VCMs, businesses especially small and medium enterprises (SMEs) would face much higher compliance costs with credits available only to those that demonstrate progress with transition plans.

These potential mandatory disclosures and transition plans would burden Canadian businesses with material costs and legal risks that constitute an economic gamble which few may recognize but all should weigh. Do Canadians truly want a government that has an undisclosed climate finance agenda that would be subservient to an opaque globalized Net Zero agenda?


Tammy Nemeth is a U.K.-based strategic energy analyst. Ron Wallace is an executive fellow of the Canadian Global Affairs Institute and the Canada West Foundation.

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