Capital Gains Tax SHUT DOWN — How Taxpayers Beat the Government
Did the CRA push a tax change before Parliament passed it?
Franco Terrazzano explains the court fight, housing fallout, and why Canadians should care.
In this episode, we break down:
• The lawsuit over the proposed capital gains tax hike, CRA enforcement concerns, no taxation without representation, housing affordability, gas taxes, and government spending in Canada
Hosts: Mike Wixson
Guests: Franco Terrazzano
Franco Terrazzano of the Canadian Taxpayers Federation joins the show to explain why the federal government’s attempted capital gains tax change sparked a legal challenge, what it could mean for entrepreneurs, retirees, investors, and small business owners, and why the broader fight over taxes, housing costs, and affordability is becoming a defining issue for Canadians.
⏱️ Timestamps:
00:00 Intro
00:04 Franco Terzano sues the federal government
00:42 Why the capital gains tax fight started
01:20 CRA enforcement before legislation passed
02:06 Why the court challenge matters long term
02:48 Was this politics, a tax grab, or both?
04:01 Why Canadians were fed up with more taxes
05:06 How retirement, pensions, and private savings are affected
06:23 Why younger Canadians and entrepreneurs felt targeted
07:27 Brain drain, investment, and starting businesses in Canada
08:22 Who would really have been hit by the tax increase
09:03 Capital gains, RRSPs, and layers of taxation
10:05 Entrepreneurs, reinvestment, and selling a business
11:19 Why setting a court precedent still matters
12:48 Reaction to the $18 billion housing announcement
14:02 HST on new homes and what may actually help
14:54 Why municipalities should cut development fees themselves
16:04 Tax competition between municipalities
17:24 Will any of this actually improve housing affordability?
18:09 What Canadians should watch next on taxes and spending
18:30 Gas prices, fuel taxes, and relief measures
19:56 How to support the Canadian Taxpayers Federation
20:46 Closing reflections on patriotism
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👉 Visit www.tplmedia.ca
🔗 Links:
www.taxpayer.com
https://x.com/franco_nomics
Pillars: Economy
#CapitalGainsTax #CanadaPolitics #CanadianEconomy #CRALawsuit #HousingCrisis
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