Welcome to TaxBreaks, a tax podcast where difficult tax issues are translated into plain English and discussed in an open and frank manner. Sometimes, we even have a little lighthearted fun.
TaxBreaks features informed discussion and lively debate on tax-related issues in Canada, the United States, and around the world. Please note: 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.
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 misleading and confusing press release by the Department of…
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 deduction—something that could not previously happy under long-standing…
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 .”
Episode 018 – Prescribed Rate Loans
Kim G C Moody and Kenneth Keung wrap up the 2020 year with a discussion about prescribed rate loans.
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.
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…
