PODCAST · news
TaxBreaks
by Moodys Tax Law LLP
Moodys has one single focus: tax. It is all we talk about, so it seemed natural to start capturing some of those conversations to share with you. 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 well solved.
Episodes
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Episode 035 – Impact of August 4th Proposed Amendment to the Alternative Minimum Tax Regime (AMT)
In our firm’s latest podcast, Kenneth Keung and Kim G C Moody briefly discuss the 2023 Federal Budget proposals to amend the alternative minimum tax regime under Canadian tax law. Specifically, Kenneth and Kim discuss: The history of the AMT; The architecture of the AMT; The 2021 Liberal Party...
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Episode 034 – Canada Revenue Agency Audits of COVID-era Supports
In our firm’s latest podcast, Kenneth Keung and Kim G C Moody briefly discuss Canadian COVID era supports and the fact that the Canada Revenue Agency are auditing some of the support claims. Specifically, Kenneth and Kim discuss: A brief and very general history of the larger supports provided...
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Episode 033 – Tax Considerations For Foreigners Buying Canadian Real Estate
In our firm’s latest podcast, Kenneth Keung and Kim G C Moody discuss tax issues that need to be considered when non-residents of Canada purchase Canadian real estate. Specifically, Kenneth and Kim discuss: Some recent legislative changes that have impacted the ability of or have consequential...
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Episode 032– The Canadian Frustrations When Claiming Foreign Tax Credits
In our firm’s latest podcast, Kenneth Keung and Kim G C Moody discuss the frustrations that Canadian individual taxpayers experience when claiming foreign tax credits. Specifically, Kenneth and Kim discuss: What are foreign tax credits? What’s the purpose of them and what are some of the high…
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Episode 031 – Canadians Moving to the US: Tax & Non-Tax Considerations
In our firm’s latest podcast, Kenneth Keung and Kim G C Moody discuss a topic that has becoming very prevalent in the past few years: Canadians wanting to move to the U.S. for either personal or business reasons (or both). They discuss: The reasons why Canadians are interested in this topic....
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Episode 030 – A Summary of Recent Tax Policy Changes With Canadian Residential Real Estate
In our latest episode of TaxBreaks, Kenneth Keung and Kim G C Moody discuss Canadian tax considerations – including recent policy changes – with respect to Canadian residential real estate. Specifically, Kenneth and Kim discuss: The principal residence exemption – is it too generous? Should there...
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Episode 029 – The Supreme Court of Canada’s decision of Deans Knight: Decoding the Tax Implications
Join us for a listen as Kenneth Keung, Aasim Hirji and Kim G C Moody have a spirited and wide ranging discussion about the implications of Deans Knight. On May 26, 2023, the Supreme Court of Canada released its landmark decision in Deans Knight Income Corp. v. Canada cited as 2023 SCC 16. The…
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Episode 028 – 2023 Federal Budget Predictions
In this episode of TaxBreaks, Kenneth Keung and Kim GC Moody provide their predictions on what might be included – or not – in the 2023 Canadian Federal Budget (that will be released on March 28, 2023). Kenneth and Kim provide their best “guesstimates” on: Will personal and/or corporate tax rates...
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Episode 027 – Basic Principles in Remuneration Planning For Private Business Owners
In this episode of TaxBreaks, Kenneth Keung and Kim GC Moody take it back to basic principles for owner-managers of private corporations regarding how they should pay themselves. This basic principle is not so basic and requires a core understanding of tax principles. In addition, the mathematics...
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Episode 026 – Year End Tax Loss Selling
In this episode of TaxBreaks, Kenneth Keung and Kim GC Moody discuss year-end tax loss selling that is very common towards the end of the calendar year. The objective of tax loss selling is to try to claim losses on non-registered investments against realized capital gains so as to reduce capital...
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Episode 025 – Residential Property Flipping Proposal
In this latest podcast episode, Kenneth Keung and Kim G C Moody describe the April 7, 2022, Canadian Federal Budget proposal that will introduce a new “Residential Property Flipping” income tax rule. Kenneth and Kim discuss the history and context behind the principal residence exemption, what…
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Episode 024 – The New Canadian Trust Reporting Rules
The 2018 Canadian Federal Budget introduced proposals that will require certain trusts to disclose significant information about the trust. Later in 2018, draft legislation was introduced to implement such proposals to become applicable for the 2021 taxation year. However, the proposals ended up...
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Episode 023 – Personal Use Assets Owned by a Corporation
As a follow up to their last podcast on the Jackman court case, Kenneth Keung and Kim G C Moody chat about the dangers of owning personal-use assets inside a corporate vehicle.
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Episode 022 – Are Pleasurable Marketing Activities a Taxable Benefit
In this podcast, Kenneth Keung and Kim G C Moody review a recent Tax Court of Canada decision – Bruce Jackman / Nancy Jackman v. HMQ 2022 TCC 73. This case is a rather entertaining case (at least for tax geeks 😂) which dealt with the amount, if any, of the taxable benefit received by the use of…
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Episode 021 – The Saga of Bill C-208 Continues
Our firm’s July 5, 2021 podcast described the saga of Bill C-208 (a Canadian private members bill that provides for inter-generational transfers of certain shares of Canadian-controlled private corporations) that received Royal Assent on June 29, 2021 that was accompanied a day later by a very...
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Episode 020 – Bill C-208 and Inter-generational Transfers
On June 29, 2021, Bill C-208 received Royal Assent. The passing of this private member’s bill was a bit surprising given the rarity of such bills passing. The bill enables inter-generational transfers of certain property to occur with the benefit of the transferor claiming the capital gains...
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Episode 019 – You Mean Preferred Shares Have to Be Treated as a Liability on my Company’s Balance Sheet?
On this episode of the podcast, Kenneth Keung and Kim G C Moody go in-depth on a topic they touched on previously in a blog post titled “Tax Planning Arrangement – When Tax Treatment Collides with Accounting Treatment and How This is Like Ferris Bueller’s Day Off .”
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Episode 018 – Prescribed Rate Loans
Kim G C Moody and Kenneth Keung wrap up the 2020 year with a discussion about prescribed rate loans.
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Episode 017 – Canada Emergency Rent Subsidy (CERS)
Kim G C Moody and Kenneth Keung discuss the latest federal government subsidy, the Canada Emergency Rent Subsidy (CERS). What is it and why is it necessary? Find out in the latest episode.
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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...
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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.
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Episode 014 – The Latest on CEWS, CEBA and New Rental Assistance Program
On the latest episode of the podcast, Kim G C Moody and Kenneth Keung discuss new announcements on CEWS, CEBA and New Rental Assistance Program.
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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…
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Episode 012 – The Throne Speech, 2020
Kim G C Moody and Kenneth Keung discuss and dissect the tax measures and related issues arising from the latest Throne Speech.
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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.
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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.
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Episode 09 – 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.
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Episode 08 – 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.
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Episode 07 – 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.
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Episode 06 – Private Corporation Tax Proposals
In this episode of TaxBreaks, Kim Moody, Director, Canadian Tax Advisory at Moodys, discusses Private Corporation Tax Proposals.
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Episode 05 – 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.
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Episode 04 – 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.
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Episode 03 – 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.
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Episode 02 – 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.
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Episode 01 – 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.
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ABOUT THIS SHOW
Moodys has one single focus: tax. It is all we talk about, so it seemed natural to start capturing some of those conversations to share with you.
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 well solved.
HOSTED BY
Moodys Tax Law LLP
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Frequently Asked Questions
How many episodes does TaxBreaks have?
TaxBreaks currently has 35 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is TaxBreaks about?
Moodys has one single focus: tax. It is all we talk about, so it seemed natural to start capturing some of those conversations to share with you. 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...
How often does TaxBreaks release new episodes?
TaxBreaks has 35 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to TaxBreaks?
You can listen to TaxBreaks on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts TaxBreaks?
TaxBreaks is created and hosted by Moodys Tax Law LLP.
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