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Bad Tax Planning

Episode 13 of the Two Way Traffic with Darren Coleman podcast, hosted by Darren Coleman / Acme Podcasting Company, titled "Bad Tax Planning" was published on August 7, 2024 and runs 43 minutes.

August 7, 2024 ·43m · Two Way Traffic with Darren Coleman

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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.

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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