EPISODE · Aug 7, 2024 · 43 MIN
Bad Tax Planning
from Two Way Traffic with Darren Coleman · host Darren Coleman / Acme Podcasting Company
Kim Moody of Moodys Private Client – a firm providing law, and cross-border tax and accounting services joins Darren on this episde. Moody recently wrote an article in The Financial Post about the government flirting with the idea of a home equity tax, even on principal residences. Such a tax could result in an annual levy of about $10,000 for a home worth $1 million. He called that, along with the increase in the capital gains inclusion rate which has already passed into law, “really bad tax planning” based on ideology and not economics.
What this episode covers
Kim Moody of Moodys Private Client – a firm providing law, and cross-border tax and accounting services joins Darren on this episde. Moody recently wrote an article in The Financial Post about the government flirting with the idea of a home equity tax, even on principal residences. Such a tax could result in an annual levy of about $10,000 for a home worth $1 million. He called that, along with the increase in the capital gains inclusion rate which has already passed into law, “really bad tax planning” based on ideology and not economics.
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Bad Tax Planning
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