Kim G C Moody’s Musings – 1-1-1 Newsletter For March 13, 2024
1. Taxation – the new trust reporting rules are daunting and need amendments;
2. Leadership – good leaders learn to say “no”; and
3. Economics – the Canadian federal 2024 federal budget will be released on 4/16/24 and will be devoid of policy but lots of spending.
Kim G C Moody’s Musings – 1-1-1 Newsletter For March 6, 2024
1. Taxation – the 2024 Report on Federal Tax Expenditures released!
2. Leadership – words of wisdom from the Right Honorable Brian Mulroney; and
3. Economics – the CMHC first time home buyer incentive program is scrapped….shocker.
Kim G C Moody is quoted in The National Post article “FIRST READING: Canadian taxes aren’t just high, they’re needlessly complicated to file,” on February 21, 2024.
“Today’s Income Tax Act is incomprehensible, even to tax professionals.” Read more of my comments in this Tristin Hopper article that sheds light on our overly complex Canadian tax system. Read the National Post article HERE.
Read MoreKim G C Moody’s Musings – 1-1-1 Newsletter For February 28, 2024
1. Taxation – using the tax system to try to solve Canada’s housing challenges is great politics but not great policy;
2. Leadership – Morgan Housel’s new book – Same as Always – is a great read about focusing on things that don’t change; and
3. Economics – how much in tax revenues will the CDN government collect from its crazy short-term rental proposal?
Kim G C Moody’s Musings – 1-1-1 Newsletter For February 21, 2024
1. Taxation – the massive subsidies handed out the Canadian government to VW and Stellantis are tax-free?
2. Leadership – leaders, do you have a succession plan? Are you growing new leaders?
3. Economics – financial literacy education should be mandatory for Canadian grade school children throughout their education.
Kim G C Moody guested on the BNN Bloomberg podcast “SmartWealth” with Thane Stenner.
I recently guested on BNN Bloomberg’s “SmartWealth” podcasts where host Thane Stenner and I discussed several topics, including why Canada’s high tax rates are forcing many people to leave for sunnier climes. To watch, click HERE.
Read MoreKim G C Moody recently guested on the Beyond MD podcast discussing changes to the Alternative Minimum Tax (AMT).
How will changes to the Alternative Minimum Tax (AMT) affect high-income Canadians in 2024? That’s the question I recently delved into with Dr. Yatin Chadha on his ‘Beyond MD’ podcast. To listen, click HERE.
Read MoreKim G C Moody is quoted in the National Post article “John Tavares the latest victim of Canada’s self-defeating tax regime” published on February 13, 2024.
Will Canada’s oppressive income tax regime ultimately ruin the competitive balance within the NHL? I provide my thoughts to the National Post on the outrageous CRA tax grab that Toronto Maple Leafs captain John Tavares is currently fighting. To read the article, click the link HERE.
Read MoreKim G C Moody’s Musings – 1-1-1 Newsletter For February 14, 2024
One Comment About Taxation – There’s a Shortage of Accountants…and That’s Not Good For Canada’s Tax System. There’s a shortage of accountants. If you’re an accountant like me, that’s not news. I’ve been recruiting and hiring accountants for almost 30 years and there’s been many ups and downs throughout that time. However, we’re…
Read MoreKim G C Moody’s Musings – 1-1-1 Newsletter For February 7, 2024
1. Taxation – The tax exempt status of non-profit organizations is overdue for a review;
2. Leadership – Critical thinking is hard and often takes courage. For leaders, it’s critical; and
3. Economics – Inflation / rising food prices requires solid thinking for good policy choices to tackle that problem.