July 18, 2024 • 6 mins
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In this episode, Brandon shines a light on some of the recent activity of Justin Trudeau and the Liberal party, what the implications mean for homeowners, and steps you can take to fight this.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
So is there going to be anotherfederal tax on housing?
(00:02):
My name is Brandon Love and I'm amortgage broker in Canada who is
closely watching the movements ofour federal government.
In this video, I'm going to shinea light on some of the recent
activity of Justin Trudeau and theLiberal Party, what the
implications mean to homeownersand why this should matter to you.
Stick around to the end to seewhat to do to protect yourself and
your family from Trudeau's stickyfingers.
So let's dive into it.
to protect yourself and your
(00:24):
family from Trudeau's stickyfingers.
So let's dive into it.
Despite frequent denials, Justin
Trudeau and the Liberal Party havelong flirted with the idea of
taxing primary residences.
You can see some movement towards
this with changes in the capitalgain tax recently that came after
people who owned secondaryproperties such as cottages.
Recently, Trudeau met with PaulKershaw, one of the nation's
leading voices on taxing homesales.
And the thing about this meetingis that they met in secret.
(00:46):
Trudeau did this under the guiseof attending an ocean conservation
event in Vancouver.
So this clandestine meeting wasn't
officially announced.
It was only ousted via a podcast
snippet that came out onGeneration Squeeze, Kershaw's
podcast.
So what are you hiding, Mr. Prime
Minister?Let's dive deeper into who Paul
Kershaw is and what GenerationSqueeze stands for.
Kershaw's Generation Squeeze is aquote-unquote think-take that
(01:08):
advocates for the youngergeneration of Canadian society.
Their primary argument, it seems,is that people who have built
wealth through real estate andtaken the risk to do so have an
unfair advantage over Canadianswho have sat on the sidelines.
And while I don't agree with this,Kershaw's viewpoint is the capital
gains exemption that comes withyour primary residence is unfair
(01:28):
and then, in fact, those primaryresidences should be taxed.
those primary residences should betaxed.
Now, this kind of lines up withTrudeau's idea of fairness, which
is total bullshit.
The rhetoric on generational
fairness hasn't amounted to much.
It's a lot of talk, a lot of
(01:49):
throwing dollars at differentgroups with shiny names and cool
sounding agendas that don'tactually get any work done.
Think about how much he said he'sdoing for housing over the past
however many years and what'sactually happened.
I would argue we're in a way worseplace for the average Canadian,
especially for the lower classCanadian than we were before he
came into office.
So meeting with Kershaw is
obviously a big red flag.
What's your agenda here?
And despite past rejections ofproposals of a sliding scale scale
(02:11):
tax on homes over $1 million, theLiberal Party's engagement with
Kershaw and different CMHC studieson homeownership and tax policy
suggest that this is somethingthey're seriously mulling over.
For me, when it comes to Trudeauand the federal government,
there's a lot that's hidden.
There's a lot of this, hey, we're
going to say we're supertransparent.
Hey, we're going to say we'readvocating for fairness.
(02:32):
But behind the mirrors, behind thecurtains, we're moving our own
way.
And it's to boost more taxes so
that we can throw more money atthings that hopefully buy us
votes.
And I know this is my opinion, and
you can probably tell that I don'tvote Liberal.
If you do, that's totally up toyou.
I'm not going to harp on you oneway or another.
I just have my viewpoint and mybelief about what's best for
(02:54):
Canada as a whole.
But with the government, where
there's smoke, there's fire.
And this raises huge concerns for
me about Trudeau's intentions.
So these intentions could include
taxing homes while they're stillowned, taxing primary residences
when they're sold, and justgeneral reflection of a broader
policy that seems to want to usenew taxes as economic solutions.
So after years and years ofhandouts, which seemingly is just
to buy votes and support from allthese minority groups, different
(03:15):
niche target demographics, andjust sway overall sentiment
towards him, he now has to come upwith a way to pay for it.
And it seems like his harebrainedidea is to come after the
hardworking Canadians who haveinvested in real estate and built
wealth through that asset class.
Right now, homeowners are facing
(03:35):
enough uncertainty.
So I really despise Trudeau using
a banner of fairness to just tryto lobby a new tax on something
that he sees as, oh, there's somuch wealth in Canadian real
estate.
Let's go after those people.
Yeah, let's go after those peoplewho are paying higher mortgages
than they're used to because yourgovernment poured so much gas on
(03:55):
the fire and just let inflationrun rampant.
Let's come after those homeownerswho have worked their entire life
investing in this vehicle class,thinking there was going to be no
tax on it when it comes time tosell.
Let's go after homeowners.
Great idea, Trudeau.
Love it.
So this could all amount to
nothing.
Do you think there's any weight in
this?Surely it would risk significant
political and public backlash, butcan a wildly unpopular floundering
(04:17):
government resist this temptation?Now I'm sure many of you are riled
up.
I know I was when I heard about
this meeting.
I hate sneaky government
movements.
For me, it's like, just be
transparent about what you'redoing and allow voters to decide
if it's right for them.
You don't need to hide things.
Show us the cards.
That's literally what a democracy
should look like.
And we can pick a leader who's
(04:41):
pointing the country in thedirection we want, not some sneaky
little rat.
So there are steps you can take on
your side.
Number one, when the opportunity
comes up, vote for a change inleadership.
It's my personal belief that ifyou don't vote, you don't have a
right to complain in this country.
And since the early 1990s, there
has not been over 70% voterturnout in Canada.
And that's just sad.
So if you're going to complain
about anything at all in thiscountry, you have to turn up and
(05:04):
you have to vote.
Number two, spread awareness.
So many people don't know aboutthese secret meetings and stealth
activities of the government.
They don't know about the agenda
that actually goes on.
They just see things like, oh, I
got a couple hundred bucks inclimate incentive in my bank
account.
I'm going to vote for Trudeau
again because he's always sendingme money.
(05:24):
But watch out for the biggerpicture at play, spread awareness,
continue to get educated there,share this video with them, and
just really continue to learn andyou will see the writing on the
wall there.
Number three, write, email, call,
drop into the office of your localmember of parliament.
They are your voice in Ottawa.
So make sure your opinion and your
belief is being heard so that theycan advocate for you for when some
(05:45):
of these things come up.
So I'm curious, how do you feel?
Am I a bit extreme in your eyes orare you in line with what I'm
thinking?Do you think that there should be
taxes?Maybe you have an argument for it
that way.
I'm always curious and open to
hear new ideas.
So please share them in the
comments below.
Cheers.
So is there going to be anotherfederal tax on housing?
(00:02):
My name is Brandon Love and I'm amortgage broker in Canada who is
closely watching the movements ofour federal government.
In this video, I'm going to shinea light on some of the recent
activity of Justin Trudeau and theLiberal Party, what the
implications mean to homeownersand why this should matter to you.
Stick around to the end to seewhat to do to protect yourself and
your family from Trudeau's stickyfingers.
So let's dive into it.
to protect yourself and your
(00:24):
family from Trudeau's stickyfingers.
So let's dive into it.
Despite frequent denials, Justin
Trudeau and the Liberal Party havelong flirted with the idea of
taxing primary residences.
You can see some movement towards
this with changes in the capitalgain tax recently that came after
people who owned secondaryproperties such as cottages.
Recently, Trudeau met with PaulKershaw, one of the nation's
leading voices on taxing homesales.
And the thing about this meetingis that they met in secret.
(00:46):
Trudeau did this under the guiseof attending an ocean conservation
event in Vancouver.
So this clandestine meeting wasn't
officially announced.
It was only ousted via a podcast
snippet that came out onGeneration Squeeze, Kershaw's
podcast.
So what are you hiding, Mr. Prime
Minister?Let's dive deeper into who Paul
Kershaw is and what GenerationSqueeze stands for.
Kershaw's Generation Squeeze is aquote-unquote think-take that
(01:08):
advocates for the youngergeneration of Canadian society.
Their primary argument, it seems,is that people who have built
wealth through real estate andtaken the risk to do so have an
unfair advantage over Canadianswho have sat on the sidelines.
And while I don't agree with this,Kershaw's viewpoint is the capital
gains exemption that comes withyour primary residence is unfair
(01:28):
and then, in fact, those primaryresidences should be taxed.
those primary residences should betaxed.
Now, this kind of lines up withTrudeau's idea of fairness, which
is total bullshit.
The rhetoric on generational
fairness hasn't amounted to much.
It's a lot of talk, a lot of
(01:49):
throwing dollars at differentgroups with shiny names and cool
sounding agendas that don'tactually get any work done.
Think about how much he said he'sdoing for housing over the past
however many years and what'sactually happened.
I would argue we're in a way worseplace for the average Canadian,
especially for the lower classCanadian than we were before he
came into office.
So meeting with Kershaw is
obviously a big red flag.
What's your agenda here?
And despite past rejections ofproposals of a sliding scale scale
(02:11):
tax on homes over $1 million, theLiberal Party's engagement with
Kershaw and different CMHC studieson homeownership and tax policy
suggest that this is somethingthey're seriously mulling over.
For me, when it comes to Trudeauand the federal government,
there's a lot that's hidden.
There's a lot of this, hey, we're
going to say we're supertransparent.
Hey, we're going to say we'readvocating for fairness.
(02:32):
But behind the mirrors, behind thecurtains, we're moving our own
way.
And it's to boost more taxes so
that we can throw more money atthings that hopefully buy us
votes.
And I know this is my opinion, and
you can probably tell that I don'tvote Liberal.
If you do, that's totally up toyou.
I'm not going to harp on you oneway or another.
I just have my viewpoint and mybelief about what's best for
(02:54):
Canada as a whole.
But with the government, where
there's smoke, there's fire.
And this raises huge concerns for
me about Trudeau's intentions.
So these intentions could include
taxing homes while they're stillowned, taxing primary residences
when they're sold, and justgeneral reflection of a broader
policy that seems to want to usenew taxes as economic solutions.
So after years and years ofhandouts, which seemingly is just
to buy votes and support from allthese minority groups, different
(03:15):
niche target demographics, andjust sway overall sentiment
towards him, he now has to come upwith a way to pay for it.
And it seems like his harebrainedidea is to come after the
hardworking Canadians who haveinvested in real estate and built
wealth through that asset class.
Right now, homeowners are facing
(03:35):
enough uncertainty.
So I really despise Trudeau using
a banner of fairness to just tryto lobby a new tax on something
that he sees as, oh, there's somuch wealth in Canadian real
estate.
Let's go after those people.
Yeah, let's go after those peoplewho are paying higher mortgages
than they're used to because yourgovernment poured so much gas on
(03:55):
the fire and just let inflationrun rampant.
Let's come after those homeownerswho have worked their entire life
investing in this vehicle class,thinking there was going to be no
tax on it when it comes time tosell.
Let's go after homeowners.
Great idea, Trudeau.
Love it.
So this could all amount to
nothing.
Do you think there's any weight in
this?Surely it would risk significant
political and public backlash, butcan a wildly unpopular floundering
(04:17):
government resist this temptation?Now I'm sure many of you are riled
up.
I know I was when I heard about
this meeting.
I hate sneaky government
movements.
For me, it's like, just be
transparent about what you'redoing and allow voters to decide
if it's right for them.
You don't need to hide things.
Show us the cards.
That's literally what a democracy
should look like.
And we can pick a leader who's
(04:41):
pointing the country in thedirection we want, not some sneaky
little rat.
So there are steps you can take on
your side.
Number one, when the opportunity
comes up, vote for a change inleadership.
It's my personal belief that ifyou don't vote, you don't have a
right to complain in this country.
And since the early 1990s, there
has not been over 70% voterturnout in Canada.
And that's just sad.
So if you're going to complain
about anything at all in thiscountry, you have to turn up and
(05:04):
you have to vote.
Number two, spread awareness.
So many people don't know aboutthese secret meetings and stealth
activities of the government.
They don't know about the agenda
that actually goes on.
They just see things like, oh, I
got a couple hundred bucks inclimate incentive in my bank
account.
I'm going to vote for Trudeau
again because he's always sendingme money.
(05:24):
But watch out for the biggerpicture at play, spread awareness,
continue to get educated there,share this video with them, and
just really continue to learn andyou will see the writing on the
wall there.
Number three, write, email, call,
drop into the office of your localmember of parliament.
They are your voice in Ottawa.
So make sure your opinion and your
belief is being heard so that theycan advocate for you for when some
(05:45):
of these things come up.
So I'm curious, how do you feel?
Am I a bit extreme in your eyes orare you in line with what I'm
thinking?Do you think that there should be
taxes?Maybe you have an argument for it
that way.
I'm always curious and open to
hear new ideas.
So please share them in the
comments below.
Cheers.
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