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 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…
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.
