TaxBreaks Podcast

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 these discussions/proposals may all just be political rhetoric, wealth tax has been a hot topic amongst policy wonks and various government parties in the US and Canada. As such, practitioners shouldn’t completely dismiss the prospect of a wealth tax in Canada some time in the near future. In this episode, Kim G C Moody and Kenneth Keung debate the merits and problems of a wealth tax for Canada.