TaxBreaks Podcast

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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…

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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 deduction—something that could not previously happy under long-standing…

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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 maximizing contributions to registered plans. Happy…

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