Generation Squeeze

Anyway, the modern version of this housing debate is much closer to everyday language, and an annual surtax on valuable homes is not out of the question.

Generation Squeeze, as we, as we purported before, has proposed a progressive surtax on home value above one million dollars, with rates starting at zero point two percent and receiving one percent.

Its stated objective is to address housing inequity and discourage dependence on rising home values.

All that you worked for, you mean? That is a published advocacy proposal.

Yeah, I agree.

And I think that's one area where Paul Kershaw from Generation Squeeze, and I've interviewed him, he's interviewed me, you talked to him.

He's really been the driving force behind this idea of really fixing the old age security system and modernizing it in ways that doesn't just help young people, but helps actually low income seniors.

And I think we can...

So everyone 65 and older gets a tax credit that shrinks as income rises, and it's gone about $108,000.

Now this one is up for grabs because groups from the left to the right, including CD Howe and Generation Squeeze have proposed cutting it.

Together with the pension credit, it's worth about $7 billion to Ottawa and up to $3,100 a year of the federal tax for a couple.

Now this one does land on modest and middle income retirees, which is why it's on my list.