2024 CDN Federal Budget Tax Predictions – Episode 10

The 2024 CDN Federal Budget is about a week away. In this short podcast, Kim G C Moody makes his predictions about what tax measures might show up in the Budget. Will we see personal tax rates increase? Capital gains inclusion rate increase? Alternative minimum tax amendments? New personal tax credits? Have a listen to…

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The Canadian Trust Reporting Tax Debacle – Episode 9

In this episode, recorded on March 30, 2024, Kim G C Moody discusses the “new” Canadian trust reporting rules that have turned into a debacle given the requirement to report “bare trusts” (which are normally ignored for all purposes of the Income Tax Act) that were required to report until a last minute announcement –…

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Artificial Intelligence and Taxation – Episode 8

In this episode, Kim G C Moody discusses how artificial intelligence will disrupt and change the practice of taxation (and some other professions). He starts by admitting he is no expert in AI but is a curious student and is eagerly trying to keep up with the exhilarating pace of change. He answers the obvious…

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Canada’s Residential Property ”Flipping Tax” – Episode 7

In this episode, Kim G C Moody discusses the silly Canadian “flipping tax” that was introduced into Canada’s Income Tax Act effective 2023 forward. Kim explains the history of capital gains taxation, the principal residence exemption and the basics of why this new rule is completely unnecessary and duplicative. He comments on the British Columbia’s…

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VW and Stellantis Subsidy Grants – Tax Free? Episode 6

In this episode, Kim G C Moody discusses the massive C$30 billion subsidies granted to Volkswagen and Stellantis by the Canadian government (that were announced in 2023) and the tax issues surrounding it. Turn out that VW and Stellantis will receive such subsidies without Canadian corporate tax! What??!! Come along for a listen as Kim…

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The Taxation of NPOs – Time For a Review – Episode 5

In this episode of In the Mood With Kim G C Moody, Kim discusses the broad tax exemption that is available for non-profit organizations (“NPOs”) in Canada and whether or not such broad based exemption should be better targeted and whether NPOs activities should be more transparent. Short answer…yep, it’s time for a review. Come…

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