Most recent news and insights

  • The Fall Economic Update doesn’t update much for generational fairness

    Posted by · November 04, 2022 7:43 AM

    If you want Canada to work fairly for all generations, here are five key take-aways from the Government of Canada’s Fall Economic Statement, released on November 3, 2022.

    Read more
  • The Globe & Mail: Statscan failed young Canadians by underestimating the effect of housing inflation

    Posted by · November 01, 2022 11:20 AM

    Amid all the talk of inflation these days, it’s easy to forget that a generation of young Canadians are shut out of home ownership in part because Statistics Canada failed to sound the alarm over rising housing prices decades ago.

    Read more
  • More Homes Built Faster isn’t enough to deliver affordability to Ontarians

    Posted by · October 26, 2022 2:40 PM

    Ontario’s Conservative government released the "More Homes Built Faster Act" on October 25, 2022. If passed, the legislation will aim to expand the supply of housing in the province by speeding up construction, reducing obstacles and fees for development, and increasing density near transit and in residential areas. This includes streamlining new affordable and rental housing developments. The proposed actions have merit but don't go far enough to fix record housing unaffordability. Read our analysis to find out what's missing from the plan.

    Read more
  • The Globe & Mail: We can’t fix medical care at the expense of young Canadians’ finances. Here’s why.

    Posted by · October 14, 2022 11:34 AM

    Our universal medical care system is as much a part of Canadian identity as the Maple Leaf. When news reports consistently outline how this system is “in crisis,” there is understandable angst. Fixing the crisis requires that we recognize how personal finances – yours, mine and others – are deeply implicated. To slow the flow of illness into hospitals and clinics, governments need to grow investments that will ease the squeeze on the finances of Canadians – especially younger Canadians – more urgently than they add money for medicare.

    Read more
  • The Globe & Mail: Young Canadians go to school longer for jobs that pay less, and then face soaring home prices

    Posted by · September 30, 2022 11:47 AM

    This is Paul Kershaw's first article for a new bi-weekly personal finance column for The Globe & Mail: It is a cliché now to suggest that young people today drink too many lattes and eat too much avocado toast, so can’t afford their major costs of living; that they rely too much on handouts from parents – far past when a responsible adult should. They want it all now without working for it. You may have heard this nonsense enough that you’ve come to believe it. As founder of Generation Squeeze, I’ve been on a mission to show it’s not true. Because these myths inflict real harm, causing many younger people to feel that they are doing something wrong, or that they are personally failing when they struggle to establish a solid financial foundation.

    Read more
  • We need to talk about Canada’s $3.2 trillion home-grown tax shelter – the principal residence exemption

    Posted by · September 07, 2022 11:11 AM

    The unfairness within Canada’s housing system is a feature, not a bug. As Gen Squeeze has repeatedly pointed out, ownership of a home confers a unique tax advantage that cannot be claimed for any other asset. That’s because the principal residence exemption largely shelters  housing wealth from taxation. To understand the implications of this, let’s look at a couple of scenarios.

    Read more
  • Are people who live in homes worth $1 million wealthy?

    Posted by · August 22, 2022 3:33 PM

    The poll we recently commissioned shows that a sizable minority of Canadians view housing wealth differently than wealth from other sources – especially when this housing wealth is held by retirees. This attitude stands in the way of policy solutions for generational fairness.  In particular, it’s harder to make the case for tapping into a small amount of housing wealth windfalls to create more affordable housing, or pay for services retirees want like long-term care and pharmacare.

    Read more
  • Canadian public supports housing surtax proposal, new poll shows

    Posted by · August 12, 2022 3:41 PM

    In this month's Maclean's Magazine, Gen Squeeze founder Paul Kershaw argues for a progressive surtax on homes worth more than a million dollars. In making his case, he says "polling data shows that two-thirds of Canadians support the surtax." The poll being referenced was commissioned by Gen Squeeze to gauge Canadian sentiments about housing wealth.

    Read more
  • Should Canadians concerned about high and rising home prices welcome high gas prices?

    Posted by · May 11, 2022 5:42 PM

    It’s hard to escape the news these days that interest rates are going up in response to pressures from rising inflation. The most recent Consumer Price Index (CPI) release shows prices increasing at 6.7% annually, the highest since 1991. Inflation is concerning not only because higher prices are unpleasant – especially when wages and benefits don’t increase at the same rate.

    Read more
  • The 2021 census tells us Canada’s population has aged. Here’s what we must NOT do to adapt.

    Posted by · April 28, 2022 4:41 PM

    John Ibbitson recently asked how Canada should adapt now that Canadians aged 65+ number 7 million given repercussions for medical care, long term care, etc. This is an important question. Generation Squeeze has been asking political leaders to consider the implications of an aging population for generational fairness for over a decade. But while Mr. Ibbitson deserves credit for raising the question, some of his solutions will lead today’s seniors towards a harmful legacy.

    Read more
Connect with us