Posts by Kim

  One Comment About Taxation – Reducing Tax Complexity Requires a Hard Look at Reducing Redundancy – The T1135 (Foreign Reporting Form) is a Good Example Building a good tax system is not easy. The Scottish economist, Adam Smith, in his 1776 landmark book, The Wealth of Nations, laid out that a good tax system should…

  One Comment About Taxation – The “100-Day Plan” For Improvements to the CRA Call Centers – Is This All Politics?  My Suggestions For Improvements On September 2, 2025, Finance and National Revenue Minister Francois-Philippe Champagne released a statement on his X account acknowledging concerns about the Canada Revenue Agency’s (CRA) service standards.   The statement included…

  One Comment About Taxation – An “Empty Rooms” Tax in Australia? Taxation Powers Deployed by Government Need Much More Careful Thought   Governments around the world struggle with basic financial mathematics. In other words, many spend much more than they receive. Unlike individual households who cannot continue to run cash deficits indefinitely – since…

  One Comment About Taxation – It’s Time For Canada to Reconsider Having Fixed Budget Release Dates   It has been 497 days since Canada last had a federal budget. That is unacceptable. Budgets are the primary tool by which governments seek Parliament’s approval for taxation and spending. Yet Canadians have been left in the…

  One Comment About Taxation – It’s Time to Codify How Proposed Tax Legislation is Administered Before it Becomes Law   In recent years, we’ve seen a lot of issues regarding the Canada Revenue Agency (CRA)’s administrative policy that enables them to administer proposed tax law retroactive to the proposed effective date.  The most egregious…

  One Comment About Taxation – The Importance of Proper Estate Planning   There are numerous estimates predicting that within the next 10-20 years, the transfer of wealth from Baby Boomers to the next generation – mainly to Millennials or Generation X – will be in the range of $1 -$2 trillion in Canada.  The…

  One Comment About Taxation – Should Canada Follow the New U.S. Law That Exempts a Portion of “Tips” Income From Taxation?   Early on in my career, I started going out for lunches and dinners with key contacts and clients.  Of course, as I learned earlier in my life, providing gratuity (“tips”) for good service was customary.  I…