# Source note — home equity tax / Evan Siddall / Build Canada Homes warning

Published as a Saturday feature dated 2026-08-22.

## Source lead
- YouTube: Tap the Maple / Bakes on Things, “Canadians Home Equity AT RISK! Carney's DANGEROUS Appointment Should Terrify You!”
- Original URL: https://youtu.be/ATAbyFm-vMY?si=hgMyDFNGuJGh6k92
- Metadata/description says Mark Carney appointed former CMHC CEO Evan Siddall as inaugural chair of Build Canada Homes.
- Browser-visible YouTube page title and description were captured.
- yt-dlp initially hit a YouTube 403 for media; Android player retry recovered the MP4. Transcript/metadata were saved.

## Primary policy/source trail captured
- CMHC project profile: “Wealth and Generational Inequity in Canadian Housing.” It says the Solutions Lab hypothesized Canadians are incentivized by public policies to bank on profits from homeownership; it lists tax policy among policy areas; it says there was no obligation for government to adopt proposed solutions.
- Generation Squeeze PDF: “Wealth and the Problem of Housing Inequity across Generations: A Solutions Lab.” The PDF recommends an annual, deferrable, progressive surtax on homes over $1 million, applying initially to the 9% of Canadian households in the most valuable principal residences.
- CMHC speech: Evan Siddall, “Too Much of a Good Thing: On Housing, Wealth and Intergenerational Inequity,” April 26, 2018.
- Evan Siddall Wikipedia/public bio and Wikimedia image capture.

## Data
- FRED DEXCAUS daily Canadian dollars per U.S. dollar CSV saved.
- Converted to U.S. dollars per Canadian dollar for chart.
- Latest saved datapoint: 2026-08-14, US$0.721 per C$1.
- Strongest 2015 datapoint: 2015-01-02, US$0.853 per C$1.
- Change from that 2015 high to latest: -15.5%.
- CPI summary file from FRED/OECD Canada CPI series shows 28.2% rise from 2015-01 to 2023-11 in the available file.

## Evidence boundary
This article does not claim a current home-equity tax has been formally tabled as law. It says the public policy trail contains explicit surtax recommendations, Siddall’s prior housing-wealth framing, and a current political warning from the video. The editorial position is that taxing principal-residence equity should be rejected before it is introduced.