Tag: Tax Reform

Understanding the Impact of Elections on Your Wealth – Part 1 (Ep. 45)

Understanding the Impact of Elections on Your Wealth – Part 1 (Ep. 45)

What are the economic consequences of recent political shifts in Canada? 

Join John and Alex Soutsos as they dive into the aftermath of the Canadian election with special guest, Kim G C Moody, a renowned tax expert from Moodys Private Client. This episode navigates the intricate landscape of Canadian politics and its economic repercussions.

Kim provides enlightening insights into tax complexities, highlighting the need for reform and the controversial policies at play. This episode delves into critical topics such as corporate taxes, personal income taxes, and the broader economic implications of political decisions.

Topics of discussion include:

  • The impact of recent elections on Canada [00:02:12]
  • The role of nationalism in Canadian politics [00:04:37]
  • Complexities in Canada’s tax system and proposed reforms [00:16:23]
  • The history and implications of corporate taxation [00:28:17]
  • Adam Smith’s Wealth of Nations’ tenants and their relevance today [00:49:57]

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Kim Moody:  

About Kim G C Moody: 

Kim G C Moody lives and breathes the Income Tax Act—so his clients don’t have to. With over two decades of experience as a Chartered Accountant, Registered Trust and Estate Practitioner, and founder of Moodys Private Client, Kim is known for translating complex tax laws into clear, actionable strategies for entrepreneurs and high-net-worth individuals. His approach is creative, forward-thinking, and grounded in a deep understanding of the challenges business owners face.

A passionate advocate for tax education and reform, Kim has published extensively, lectured across the country, and held leadership roles with the Canadian Tax Foundation, STEP Canada, and the CBA/CPA Canada Joint Committee on Taxation. In 2016, he began studying law part-time at the University of Calgary to further his impact on tax policy.

Outside of his professional life, Kim enjoys classic rock concerts and supports charitable causes, particularly in the area of philanthropic giving.

Tax Planning for Leaving the Country with Kim Moody (Ep. 33)

Tax Planning for Leaving the Country with Kim Moody (Ep. 33)

How much of your paycheck ends up as taxes?

In this episode, John and Alex Soutsos speak with Kim Moody, a CPA and founder of leading tax law and accounting firm, Moodys Private Client. This time, they dive into the realities and myths surrounding taxation in Canada, making it a crucial listen for anyone navigating the complex world of finance and taxes. Join in as they explore how taxes impact not just your wallet but your overall lifestyle.

John, Alex, and Kim discuss:

  • (03:28) The staggering impact of taxes on household budgets
  • (12:20) Global comparisons that reveal tax reform possibilities, like Estonia’s innovative tax model
  • (17:45) Consumption tax vs income tax
  • (22:27) What it takes to declare non-residency in Canada for tax purposes
  • (28:53) The nuances of becoming a non-resident for tax purposes and the potential opportunities abroad 
  • (37:42) The most common jurisdiction people move to when they decide to leave Canada
  • And more

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Kim Moody:

About Our Guest: 

Kim is a CPA and the Founder and Director of one of Canada’s premier tax law and accounting firms encompassed under the common brand of Moodys Private Client. For decades, he has helped clarify and simplify the complexities of the tax system for his clients, and continues to provide this clarity today. Kim has taken on nearly every prominent role in the tax profession and wants to share what he’s learned with the world. He is an Amazon best-selling author and a regular contributor to the Financial Post newspaper.