Kim G C Moody quoted in Investment Executive article, “Start early on Canadian departure tax planning,” on April 9, 2024.
“Kim G C Moody has noticed a spike in interest in departure tax matters in recent years, which he traces back to the feds enacting a new top personal income tax rate of 33% in 2016.” Read more of my observations and comments in the recent Investment Executive article titled “Start early on Canadian departure…
Read MoreKim G C Moody appears on the Canadian Tax Matters podcast “Budget 2024 – Capital Gains Decisions” on May 2, 2024.
Kim G C Moody recently appeared on Jay Goodis‘ Canadian Tax Matters podcast, “Budget 2024—Capital Gains Decisions,” where we discussed changes to capital gains taxation in this year’s Federal Budget. Should taxpayers recognize capital gains before June 25, 2024? To order the 90-minute replay, visit the Canadian Tax Matters website HERE.
Read MoreKim G C Moody’s Musings – 1-1-1 Newsletter For May 1, 2024
1. Taxation – the defence of the capital gains inclusion rate increase for Canada is akin to a poor “magic show”;
2. Leadership – leaders, are you purposely mentoring youth to accomplish great things?
3. Economics – the CDN PBO report on the 2024 Federal Budget is sobering.
Kim G C Moody is quoted in C2C Journal article “Want to Fix Canada’s Screwed-Up Income Tax System? Start By Taxing Families,” April 8, 2024.
“Tax policy should recognize economic realities, and one of the basic realities is that married couples – whether a husband and wife or same-sex couple – combine their incomes in order to pay their bills and run their household.” Read more of Kim’s thoughts on this common-sense solution to our overly-complex and unfair tax system.…
Read MoreKim G C Moody’s Musings – 1-1-1 Newsletter For April 24, 2024
1. Taxation – the Canadian 2024 Federal Budget – one of the worst in history;
2. Leadership – good leaders make things happen; and
3. Economics – the Canadian budget proposals for employee ownership trusts will have very little uptake.
Kim G C Moody’s Musings – 1-1-1 Newsletter For April 17, 2024
1. Taxation – the Canadian Federal Budget was released on April 16, 2024. Quick taxation summary;
2. Leadership – good leaders express gratitude; and
3. Economics – Canada’s increased and out of control public debt charges are a serious threat to our continued prosperity.
Kim G C Moody’s Musings – 1-1-1 Newsletter For April 10, 2024
1. Taxation – is the CDN tax system at a tipping point? Yes…and the solution is tax reform / review;
2. Leadership – leaders need to speak up; and
3. Economics – our provinces lack of regard for proper budgetary planning is very concerning.
Kim G C Moody’s Musings – 1-1-1 Newsletter For April 3, 2024
1. Taxation – the “bare trust” debacle provides valuable lessons including the need for tax reform / review;
2. Leadership – being a good leader requires constant practice and learning; and
3. Economics – Canada is in an “emergency break glass” situation regarding our productivity.
Kim G C Moody is quoted in the CBC News Story “Government falling short on promise to roll out automatic tax filing pilot, experts say,” on March 26, 2024.
Canada should move toward the U.K. model of taxation. Under that model, those with simple tax situations have their returns filed automatically but can correct any inaccuracies later. Read more of my thoughts on how the federal government is falling short of its promise to pilot a new automatic tax filing program for 2024. Read…
Read MoreKim G C Moody’s Musings – 1-1-1 Newsletter For March 27, 2024
1. Taxation – it’s time to re-introduce income averaging back into Canada’s personal tax system;
2. Leadership – good leaders are firm and decisive and resistant to “trendy” movements; and
3. Economics – Canada’s federal government spending is up…way up.