Posts by Kim

  One Comment About Taxation – Is Canada Going to Have a Federal Budget Presented?   Last week, the federal Finance Minister announced that a budget would not be presented during the upcoming session of Parliament but there would be a Fall Economic Statement presented later this fall. That surprised many and it should!  Isn’t one of…

  One Comment About Taxation – The Liberal Government is Planning for Increased Tax Penalties?   Have you ever been assessed a penalty or interest amount on your personal tax return or a corporate tax return that you are responsible for?  Not fun, eh?  Penalties are used by countries around the world as a carrot-and-stick…

  One Comment About Taxation – Canada Has an Opportunity For Broad-Based Tax Reform   If all you have is a hammer, everything starts to look like a nail.   That’s never been truer than in the realm of Canadian tax policy—especially under the governing Liberal Party of the last 10 years. Whether the issue…

  One Comment About Taxation – What Do I Think About the Canadian Election Results?   Well, I think it’s fair to say most partisan Canadians – and their political parties – were not thrilled by the results of yesterday’s federal election.   The surging Liberals did not get their majority, even in light of…

  One Comment About Taxation – Does the Carney Phrase of “Spend Less, Invest More” Make Any Sense?  What Are the Tax Consequences?   Let’s pretend that you want to buy a car for $50,000.  You have some savings of $20,000 and thus you will need to finance the other $30,000.  The savings was accumulated from…

  One Comment About Taxation – Will a Carney-Led Liberal Government Introduce a Home Equity Tax, Re-Introduce the Carbon Tax and Introduce a Wealth Tax?   Well, there’s less than two weeks to go before Canadians go to the polls.  At this point, the Conservative strategy appears solid:  release sensible policies that call for change including…

  One Comment About Taxation – So the Liberals Think That Recycling the 1970s MURB Tax Shelter Idea is a Good One, Eh?   I love studying history.  There’s so much to learn!  In my undergraduate studies, I made sure to load up on post-Confederation Canadian history courses.  It’s truly fascinating to learn how this country…