Posts by Kim

  One Comment About Taxation – Mark Carney’s Proposal to Separate the Federal Budget into “Operational” and “Capital” Budgets is a Tired Old Accounting Trick   Luca Pacioli – the Father of double-entry accounting – was onto something when he contributed his wisdom in the 15th century to create what we know today.  Out of his principles, the basic…

  One Comment About Taxation – Have You Ever Thought About How Much Government Taxes, Fees and “Levies” You Actually Pay?   When people talk about paying taxes, there is usually an automatic assumption that the topic is about income tax.  However, have you ever thought about all of the other types of taxes and…

  One Comment About Taxation – History Provides Lots of Guidance About Taxation….The Lesson?  Canada Desperately Needs Significant Tax Reform   Over my career, I’ve had the privilege of knowing Arnold Sherman, one of Canada’s first international tax practitioners. Starting in the 1960s, Arnold built one of the most impressive taxation libraries in Canada—a collection…

  One Comment About Taxation – Canadians Need to Significantly Improve Their Financial Literacy   Over my lengthy career as a tax practitioner, I have advised numerous Canadians across a wide spectrum of complexity.  Many have tax situations that are straight forward.  However, if one becomes financially successful, has international connections / interests, involved in estate…

  One Comment About Taxation – The Capital Gains “Deferral” is the Right Decision But Certainly Should Not Be Celebrated   Well, by now, most Canadians will know that The Department of Finance announced the “deferral” of the capital gains proposals (first released in the April 16, 2024 federal budget) to January 1, 2026.  The Canada Revenue Agency…

  One Comment About Taxation – A Trifecta of Canadian Tax Debacles During Tax Filing Season…We Need to Avoid a Quadfecta   Last week, one of my friends out of Red Deer, AB – a fantastic tax accountant practitioner, Cory Litzenberger – posted a sarcastic and humorous post on LinkedIn.  Despite such humour, it was also quite sobering and depressing.…

1. Taxation – It’s Time to Change How Canadian Tax Policies Are Developed and Implemented
2. Leadership – Servant Leadership
3. Economics – Bank of Canada Engages Expert Panel to Review its COVID Policies

1. Taxation – It’s Time to Change How Canadian Tax Policies Are Developed and Implemented
2. Leadership – Servant Leadership
3. Economics – Bank of Canada Engages Expert Panel to Review its COVID Policies