Hub Podcasts Young Canadians deserve far better than they’re getting
Aug 7, 2025
Young Canadians face real challenges, including an ongoing housing crisis that needs more than just regulations on short-term rentals. The discussion critiques existing tax policies that burden young individuals as they start earning more, limiting their financial mobility. In Alberta, the political climate heats up with two contrasting petitions battling over the province's sovereignty, revealing deep divides among citizens. This podcast dives into these pressing issues, offering insightful commentary on the future of young Canadians.
AI Snips
Chapters
Transcript
Episode notes
Younger Canadians' Wealth Crisis
- Younger Canadians now have an average net worth barely equal to their annual income, unlike previous generations who had twice their income in net worth.
- This decline is deeply linked to skyrocketing asset prices and excessive taxation that stifles economic mobility.
High Marginal Tax Rates Harm Youth
- Marginal tax rates for incomes between $100,000 and $137,000 in most provinces range from 31% to 38% and climb higher for larger incomes.
- These high tax rates disproportionately affect younger Canadians as they climb the career ladder, limiting financial gains despite high nominal incomes.
Bracket Creep Exacerbates Inequality
- Bracket creep causes younger Canadians to be taxed like top earners of past generations, increasing their tax burden unduly.
- Meanwhile, older generations benefit from asset inflation and pay comparatively lower taxes, deepening generational inequality.