Newsletter

  One Comment About Taxation – Canada’s Federal Spending is Out of Control and It’s Only a Matter of Time Before There’s New Taxes   Canada’s population has grown from 35,871,484 at the end of Q1 2016 to 41,528,680 at the end of Q1 2025.  That’s an increase in population of 5,657,196 – 15.8% – during that…

  One Comment About Taxation – Canada May Soon Be a “Bad Country” in the Eyes of the U.S. Tax Code   When Donald Trump won the U.S. election last November, many in the Canadian tax community were concerned that Canada would become even less competitive than we already are.  I wrote about that days after the…

  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…

  One Comment About Taxation – Pierre Poilievre’s “Big Idea” on Capital Gains Is Welcome!   It’s been fascinating to watch the fawning over Mr. Carney by much of Canadian legacy media (PostMedia being an obvious exception) and a large group of Canadians.  It should not be surprising to me, but it is. It’s amazing to me how many people appear…