106. Taxing Homeowners In Canada – CMHC Report Reaction

Wealth Without Bay Street EPISODE #106: On today’s episode of Wealth Without Baystreet, Jayson and Richard challenge an article’s view about taxing homeowners in Canada. The Canada Mortgage and Housing Corporation supports the proposal of a surtax on homes valued at $1 million or more. Jayson and Richard talk about how this would hurt the middle class, hard working citizens of the country. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:48 Looking Into The Article 5:20 Digging Deeper Into The Problem 10:02 The Government’s Spending Problem 14:59 Origin of Income Tax in Canada 16:37 Real Estate Values 24:10 Why This Article Should Bother You BNN Bloomberg Article: https://www.bnnbloomberg.ca/cmhc-backed-report-calls-for-surtax-on-1m-homes-1.1703518?fbclid=IwAR2T9R14BWOfNlHLGCYaUg6tBddcSTfjZLgY678wLsnCKIWSRC8rxGNTa8o Federal Reserve Money Supply Graph: https://fred.stlouisfed.org/series/M1SL