In the Mood With Kim G C Moody

The 2024 CDN Federal Budget is about a week away. In this short podcast, Kim G C Moody makes his predictions about what tax measures might show up in the Budget. Will we see personal tax rates increase? Capital gains inclusion rate increase? Alternative minimum tax amendments? New personal tax credits? Have a listen to see what Kim predicts. Happy listening!

In this episode, recorded on March 30, 2024, Kim G C Moody discusses the “new” Canadian trust reporting rules that have turned into a debacle given the requirement to report “bare trusts” (which are normally ignored for all purposes of the Income Tax Act) that were required to report until a last minute announcement - on March 28, 2024 - by the Canada Revenue Agency that bare trusts no longer need...

In this episode, Kim G C Moody discusses how artificial intelligence will disrupt and change the practice of taxation (and some other professions). He starts by admitting he is no expert in AI but is a curious student and is eagerly trying to keep up with the exhilarating pace of change. He answers the obvious and often asked question of whether or not AI will put tax professionals out of a job an...

In this episode, Kim G C Moody discusses the silly Canadian “flipping tax” that was introduced into Canada’s Income Tax Act effective 2023 forward. Kim explains the history of capital gains taxation, the principal residence exemption and the basics of why this new rule is completely unnecessary and duplicative. He comments on the British Columbia’s February 2024 Budget proposal that basically copi...

In this episode, Kim G C Moody discusses the massive C$30 billion subsidies granted to Volkswagen and Stellantis by the Canadian government (that were announced in 2023) and the tax issues surrounding it. Turn out that VW and Stellantis will receive such subsidies without Canadian corporate tax! What??!! Come along for a listen as Kim explains….and how ridiculous this is for Canadians.

In this episode of In the Mood With Kim G C Moody, Kim discusses the broad tax exemption that is available for non-profit organizations (“NPOs”) in Canada and whether or not such broad based exemption should be better targeted and whether NPOs activities should be more transparent. Short answer…yep, it’s time for a review. Come along for a listen as Kim explores this interesting topic.

In this episode, Kim Moody describes the CDN government supports provided to media.  Kim educates listeners on the types of supports provided and the reason why these supports should be abandoned / repealed. 

In this episode, Kim Moody describes recent Canadian history and tax events that have caused a significant spike in the interest in successful Canadians leaving Canada.  He also describes the basic tax implications of becoming a non-resident of Canada for tax purposes. 

In this episode, Kim G C Moody discusses the silly Canadian taxation proposal that will prohibit expense deductions against the short-term rental income for owner / operators of such properties that are operated in an area that prohibits such rentals. He compares this proposal with a tax compliant drug dealer who will be better off than the “evil” short-term rental owner. He argues that Canada’s h...

In this inaugural episode of “In the Mood With Kim G C Moody”, host Kim Moody discusses Canada’s high personal tax rates and the impacts to Canada’s ability to compete for capital and talent. He argues that, despite Canada’s comparatively small size, Canada needs to compete with its neighbour to the south, the United States. He also discusses some other implications of high personal tax rates such...

In the latest podcast by Kim G C Moody, he reminisces on the 6th anniversary of the July 18, 2017 private corporation tax proposals. Specifically, he discusses: A short review of the July 18, 2017 tax proposals and the fury that resulted after that time. A discussion of whether or not the amendments to the tax on split income rules (“TOSI”) to curb income splitting amongst family members were nece...

In this week's episode, Kim G C Moody discusses how Canada is long overdue to engage in comprehensive tax reform and review. Our country needs fresh eyes on how we tax, what we should tax, and how we improve our tax system for all Canadians. Tune into this week's podcast as Kim explores and educates listeners on this crucial Canadian topic.