Podcasts are just natural conversations that happen to take place in front of a microphone, so we decided to launch TaxBreaks, a podcast where where many difficult tax issues are translated into plain English and discussed in a open and frank manner. Our podcast will feature informed discussion, lively debate, and sometimes a little lighthearted fun, around issues concerning tax in Canada, the US, and around the world. Please note that the opinions expressed are solely our own and do not express the views or opinions of the CRA, IRS or any other federal agency or tax governing bodies. Moodys Tax – tax well solved.
Episode 018 – Prescribed Rate Loans
Episode 017 – Canada Emergency Rent Subsidy (CERS)
Episode 016 – 2020 Year-End Tax Tips For Private Business Owners
Well, it’s not Christmas yet, but it’s never too late to start year-end tax planning for year 2020. In our latest TaxBreaks Podcast, Kim G C Moody and Kenneth Keung discuss a few year-end planning tips for private business owners, such as paying salary versus dividends, and the importance of maximizing contributions to registered plans. Happy year-end planning!
Episode 015 – So You’re a US Citizen Resident in Canada…What Do You Need to Know?
On the latest episode of the podcast, Kim G C Moody, Kenneth Keung and special guest Azam Rajan discuss tax from the perspective of US citizens who live in Canada. Why this is important to US citizens has a lot to do with taxes, naturally.
Episode 014 – The Latest on CEWS, CEBA and New Rental Assistance Program
Episode 013 – Will a Wealth Tax be Introduced in Canada?
Last week, on September 30, 2020, the Saskatchewan NDP announced that if elected, they will institute a 1% wealth tax for Saskatchewan residents with more than $15 million of net worth. Federally, there were also hints about a wealth tax in the September 23, 2020 Speech from the Throne. While these discussions/proposals may all just be political rhetoric, wealth tax has been a hot topic amongst policy wonks and various government parties in the US and Canada. As such, practitioners shouldn’t completely dismiss the prospect of a wealth tax in Canada some time in the near future. In this episode, Kim G C Moody and Kenneth Keung debate the merits and problems of a wealth tax for Canada.
Episode 012 – The Throne Speech, 2020
Episode 011 – The Canadian Emergency Wage Subsidy Audits
Kim G C Moody and Kenneth Keung discuss the ongoing Canadian Emergency Wage Subsidy (CEWS) program and the announcement of planned audits to the subsidy.
Episode 010 – The taxation of principal residences in Canada: Part Two
In the latest episode, part two of the discussion of the taxation of principal residences in Canada, Kim G C Moody and Kenneth Keung return to address some of the feedback received from part one.
Episode 009 – The taxation of principal residences in Canada: Part One
In this episode of TaxBreaks, Kim G C Moody and Kenneth Keung are back to discuss the surprisingly complicated topic of taxation of principal residences in Canada. They explain the law, its changes, and dispel some of the myths associated with it. Part one of two episodes.
Episode 008 – Are we about to see a capital gains inclusion rate increase?
In this episode of TaxBreaks, the first of 2020, Kim G.C. Moody, Director, Canadian Tax Advisory at Moodys Tax, is back to discuss Canadian capital gains inclusion rates in anticipation of the 2020 Federal Budget expected sometime in March 2020.
Episode 007 – Where are we at with the private corporation tax proposals?
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, discusses the latest updates around the Private Corporation Tax Proposals.
Episode 006 – Private Corporation Tax Proposals
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, discusses Private Corporation Tax Proposals.
Episode 005 – How should Canadians own US vacation property?
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, discusses tax considerations for Canadians who own vacation property in the US.
Episode 004 – 2017 tax predictions
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, looks into his tax crystal ball and predicts what 2017 might look like in the tax world.
Episode 003 – Mythbuster – can you really pay family members a salary?
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, discusses the myths surrounding the payment of salaries to family members.
Episode 002 – What’s new with the small business deduction?
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, provides some background and thoughts on the small business deduction.
Episode 001 – The end of the tax return?
In this episode of TaxBreaks, Kim Moody and Dale Franko, Directors of Canadian Tax Advisory at Moodys, discuss the potential end of the tax return as we know it, and the challenges they foresee on the horizon.