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Kim's "In a Mood"
Kim's "In a Mood"
Read Kim’s latest news, views, and analysis from the perspective of one of Canada’s leading tax authorities.
'Twas the Night Before New Year (2025)
December 30, 2024
‘Twas the night before New Years, when all through the Canadian land,
Not a taxpayer was happy, not even the taxman's band;
The stockings were hung by the chimney with care,
In hopes that good economic and taxation policy soon would be there...
'Twas the Night Before New Year (2025)
December 30, 2024
‘Twas the night before New Years, when all through the Canadian land,
Not a taxpayer was happy, not even the taxman's band;
The stockings were hung by the chimney with care,
In hopes that good economic and taxation policy soon would be there...
Tax Professionals in the AI Era: Adapt and Thrive
December 17, 2024
In this day and age where finding information is not hard – especially with the proliferation of generative artificial intelligence, where should one find reliable information about tax? I’m old enough to recall a day when the internet was not instantly available, and tax practitioners needed to research in-house / firm libraries that was facilitated by librarians and administrative assistants who would diligently spend hours updating loose-leaf publications that would be received by mail every month or so...
Tax Professionals in the AI Era
December 17, 2024
In this day and age where finding information is not hard – especially with the proliferation of generative artificial intelligence, where should one find reliable information about tax? I’m old enough to recall a day when the internet was not instantly available, and tax practitioners needed to research in-house / firm libraries that was facilitated by librarians and administrative assistants who would diligently spend hours updating loose-leaf publications that would be received by mail every month or so...
Tax Mythology
June 26, 2023
In 2020, I published my first book – Making Life Less Taxing. It’s a breezy read and was intended to put my toe in the water in the field of publishing while trying to push my message that people should take their tax affairs a lot more seriously than I have experienced over my career while also trumpeting that Canada needs significant tax review and reform...
Tax Mythology
June 26, 2023
In 2020, I published my first book – Making Life Less Taxing. It’s a breezy read and was intended to put my toe in the water in the field of publishing while trying to push my message that people should take their tax affairs a lot more seriously than I have experienced over my career while also trumpeting that Canada needs significant tax review and reform...
Concern for the Future of the Tax Profession
June 23, 2023
I’ve often said – and most recently in a published article (see pages 58-59) – that taxation is not for the faint of heart. There’s a reason why Albert Einstein is often quoted as saying that the hardest thing in the world to understand is the income tax. I think he was correct. The Income Tax Act (the “Act”) is, by far, the largest statute (and likely the most complex) in Canadian law...
Concern For the Future of the Tax Profession
June 23, 2023
I’ve often said – and most recently in a published article (see pages 58-59) – that taxation is not for the faint of heart. There’s a reason why Albert Einstein is often quoted as saying that the hardest thing in the world to understand is the income tax. I think he was correct. The Income Tax Act (the “Act”) is, by far, the largest statute (and likely the most complex) in Canadian law...
We Need to Repeal the Ridiculous Journalism Tax Credits
June 21, 2023
So how many of you know that Canada subsidizes our journalism industry? It’s amazing to me that not many average Canadians know this. And the knowledge of these credits amongst the professional community is also quite low. Let me give you a quick summary. Proposed supports were first announced in the 2018 Fall Economic Statement with details later provided in the 2019 Federal Budget. It proposed 3 initiatives...
We Need to Repeal the Ridiculous Journalism Tax Credits
June 21, 2023
So how many of you know that Canada subsidizes our journalism industry? It’s amazing to me that not many average Canadians know this. And the knowledge of these credits amongst the professional community is also quite low. Let me give you a quick summary. Proposed supports were first announced in the 2018 Fall Economic Statement with details later provided in the 2019 Federal Budget. It proposed 3 initiatives...