In the Mood With Kim G C Moody

2025 Tax Year Breakdown with Kim G C Moody - Episode 34

In this episode of In The Mood With Kim G C Moody Podcast, Kim takes the listener through a 2025 Canadian tax policy in review.  He starts off in January 2025 with the capital gains proposal saga, the spring election and parliamentary session all the way through to the November 4, 2025 federal budget and some December CRA announcements.  He ends the podcast with a brief 2026 crystal ball peek.  Happy listening!

A Review of the November 4, 2025 Canadian Federal Budget, the Deceptive Budgeting Practice and Results of the CRA "100-Day Plan" - Episode 33

In this episode of In the Mood With Kim G C Moody Podcast, Kim G C Moody discusses the November 4, 2025 Canadian federal budget with an emphasis on the tremendous spending.  He discusses the minor tax content contained in the budget but states emphatically that the spending is the highlight reel matter.  It will have impacts for decades to come.  He also reviews the deceptive budgeting trick of “separating the capital budget and operating budget” which is designed to mislead the financially illiterate voter.  He ends the podcast with some comments on the conclusion of the “100-Day Plan” of the Canada Revenue Agency to improve its call centres and service standards….spoiler alert…the “Plan” was nothing more than a political exercise despite some modest efforts to deal with some symptomatic issues caused by long-standing and systemic issues within the CRA that need to be attacked and dealt with to improve services standards for the benefit of ALL Canadians.

“The Canadian Government’s New “Capital Budgeting Framework” - a Masterclass in Deception - Episode 32

In this episode, Kim G C Moody describes the proposal to change the way Canadian federal budgets are reported.  First proposed during the Liberal Party leadership campaign, Mr. Carney expressed his desire to “separate the capital budget from the operating budget”.  This old accounting trick has a long history that Kim wrote about in a March 2025 Financial Post article.  The obvious question is what is considered “capital” vs “operating” for purposes of classification since, obviously, the intention would be to shift expenditures to the capital column so as to reduce the overall “operating budget deficit”.  On October 6, 2025, the Department of Finance released its proposed definition of “capital” and, as expected, it is expansive and broad.  Overly broad.  And the independent Parliamentary Budget Officer agrees; it released a statement about that on October 7, 2025.  Kim discusses all of this and concludes by asking Canadians to not fall for this simple accounting trick and to be aware of this deceptive practice.

Kim G C Moody Discusses 2025 Canadian Federal Budget - Episode 31

In this episode, Kim G C Moody discusses what Canadians can expect in the upcoming November 4, 2025 federal budget. He discusses the fact that the budget is unacceptably late, reviews the Liberal Party tax election promises, what tax measures “should” be in the budget (although they likely won’t be), the use of vacuous phrases like “spend less, invest more” and why it’s unacceptable and deceptive to “separate the capital budget from the operating budget."
Kim discusses the precarious fiscal position that Canada is in given the huge spending and out of control deficits and the fact that the Parliamentary Budget Officer made some very blunt comments about this recently. Happy listening!

Huge Federal Spending and Mr. Carney’s “Eye Roll” - Episode 30

In this episode of In the Mood With Kim G C Moody Podcast, Kim comments on the huge federal spending commitments recently made by PM Carney. When asked by a reporter about the Parliamentary Budget Officer’s concerns about fiscal sustainability and whether or not there would need to be increased taxes to pay for such amounts, Mr. Carney rolled his eyes and proceeded to give a non-answer. Kim comments on this and the ultimate inevitable introduction of new / increased taxes.

The Taxation of Signing Bonuses for Pro Athletes in Canada - Episode 29

In this episode, Kim G C Moody dives into a high-profile tax controversy involving NHL star John Tavares and the Canada Revenue Agency’s reassessment of his signing bonus from the Toronto Maple Leafs. If you've read recent media coverage on the issue, chances are you've seen more confusion than clarity, so I'm here to set the record straight.
We explore how Canadian tax law and the Canada-U.S. tax treaty actually work when it comes to non-resident athletes receiving signing bonuses, and why the CRA’s approach in this case is, in my view, deeply flawed. I also address the misinformation being circulated by media outlets and self-proclaimed social media experts, and explain why allegations of “tax games” are ridiculous.
This isn’t just about John Tavares—it’s about tax policy, legal interpretation, and Canada’s ability to remain an attractive destination for global talent. I close with a call for common sense: if Canada wants more tax revenue, it should negotiate smarter treaty terms; not litigate weak positions in court.
Happy listening!
 

Canadian Tax Shifts Under PM Carney: Everything You Need to Know - Episode 28

In this overdue podcast, Kim provides updates on what’s happened in the Canadian tax and economic landscape since the Canadian election call.
He also discusses the need for new PM Carney to recognize the real division amongst Canadians and work hard to unify.  
Kim then discusses some of the early actions of the Carney government such as not presenting a spring budget, the commitment to implement the deceptive “separation of the operating budget from the capital budget” and the election promise to complete a so-called “expert review” of the corporate tax system.  
Kim ends the podcast by discussing some of the large taxation threats arising from the United States….they’re real and have the potential to have a significant and negative impact.  
Happy listening!

Won't Get Fooled Again - Episode 27

In this episode, Kim G C Moody uses the famous song by the classic rock band - The WHO, “Don’t Get Fooled Again” - to discuss how taxation policy gets introduced in Canada by providing an update on the capital gains inclusion rate proposals (they are dead) and then discussing how current politics in Canada will affect the proposed solution to such issues….we need tax reform which has been proposed by The Conservative Party of Canada.  Tax reform would also be helpful given the challenges Canada is facing with U.S. tariffs.  The new leader of the Liberal Party is a tax and spend “leader” who does not appear interested in tax reform.  Not surprising.  As the famous line in Don't Get Fooled Again says "Meet the new boss, same as the old boss".  Buckle up for a no nonsense episode.

Kim G C Moody and Kerry Harnish on the Canadian Tax System - Episode 26

In this episode, Kim chats with a former senior member of the Department of Finance, Tax Legislation Division, Kerry Harnish.  Kerry has a very interesting background and his contributions to Canada's taxation system are very impressive.  He retired from the Department in 2019.  During his career and after retirement, he spent significant time researching prior Supreme Court of Canada decisions as it relates to tax avoidance.  His research has culminated with the release of his new book, Bench Strength. Kim read an advance copy and was very impressed with the depth of research and he learned a lot.  In his view, Kerry's new book is a must read for any tax practitioner.  
 
Kim interviews Kerry regarding his taxation journey, his passions and what interested readers of his new book can expect.  Kerry's passion for Canada and a good taxation system shines through this episode.  Buckle up for an interesting conversation!

Canada Desperately Needs Its Citizens to be Financially Literate - Episode 25

In this episode, Kim spends some time describing some recent experiences of how poor the average Canadian’s knowledge is about finances. 
He goes further to explain why it’s important for Canadians to take this seriously (his mission for 2025 is to continue planting acorns in this area) and how that relates to the current political environment in Canada, especially with external forces like a new U.S. regime threatening to negatively impact Canada’s economy.  
Kim wraps up the episode by reminding people to try not to get too stressed about things they can’t control but instead simply improve their financial literacy.
Happy listening!