How Do Wealthy People in Canada Reduce Tax Exposure?| Kim G C Moody | #40
Taxation
How Do Wealthy People in Canada Reduce Tax Exposure?
Today the Inside BS Show ventures north of the border to Canada. Dave Lorenzo interviews Kim G.C. Moody one of Canada’s foremost experts on tax. Kim is an outspoken advocate for good governance and a Canadian National Treasure. His wisdom and insight will help you if you are an affluent Canadian seeking to reduce your tax exposure or if you are someone looking to work with affluent families or privately held businesses.
Chapters
00:00 How Wealthy People Think About Taxes
01:50 How Did Kim Unite Attorneys and Accountants Under One Roof?
06:15 How Do Each of the Canadian Provinces Treat Taxation Differently?
10:30 Do Affluent People in Canada Form Family Offices?
13:45 What is the Tax Rate on Affluent Individuals in Canada?
17:50 What Vehicles Do High Net Worth Canadians Use to Lower Their Exposure?
21:00 How Do People Find Moodys Private Client and What are They Looking For?
22:45 Kim is Transparent with his Politics on LinkedIn. Does that Work?
26:20 Why Should You Be Open About Your Political Positions on LinkedIn?
28:50 Why Do US Citizens Renounce Their Citizenship? Kim’s Firm Focuses On This
35:00 What is the Double Taxation Exposure US Citizens Face in Canada?
36:07 How Does Kim Get Business from Other Accountants?
37:40 What is the Need for Trusts in Canada to Bypass the Probate Process?
38:40 What is Kim’s Biggest Concern about the Canadian Economy in the Next 5 Years?
Kim G. C. Moody
CEO
Moodys Private Client, Moodys Tax
(403) 693-5100
kmoody@moodystax.com
About Kim G.C. Moody
The antithesis of the status quo, Kim is driven to innovate new and better ways to do things for the clients he serves, the advancement of the firm, and other professionals in tax. His relentless obsession with getting to know everything in the Tax Act makes him a highly sought-out resource for peers and clients. In March 2020, Kim published his first book, Making Life Less Taxing: Pay Attention To Your Taxes So You Can Pay Less Tax and Build a Strong, Smarter Canada – an Amazon bestseller in a number of categories.
Kim’s primary area of expertise is tax and estate planning for owner-managers of private corporations and executives, particularly those who have entered into the tax complexities that come with being affluent. Though admittedly not one himself, Kim works with many professional athletes (a guy has got to dream after all). Kim also has expertise in trust and estate taxation and enjoys solving the complexities that arise in developing a well-thought-out estate and succession plan and dealing with testamentary taxation matters.
Deciding years ago that sleep was highly overrated, Kim makes time to share his immense knowledge through writing, lecturing, teaching, and being an active, national leader in the tax profession. In 2016, he fulfilled his long-standing goal of receiving admission into law school and is currently exploring ways to fit this ambition into his busy schedule.
Kim’s unique ability is being a loyal, transparent, and honest intellectual rebel who always does the right thing. His passion to lead, teach, never settle, and both seek and speak the truth aid in his contributions to the tax landscape. Kim desires to be an inspirational example for those around him to continuously grow.
Today the Inside BS Show ventures north of the border to Canada. Dave Lorenzo interviews Kim G.C. Moody one of Canada’s foremost experts on tax. Kim is an outspoken advocate for good governance and a Canadian National Treasure. His wisdom and insight will help you if you are an affluent Canadian seeking to reduce your tax exposure or if you are someone looking to work with affluent families or privately held businesses.
Chapters
00:00 How Wealthy People Think About Taxes
01:50 How Did Kim Unite Attorneys and Accountants Under One Roof?
06:15 How Do Each of the Canadian Provinces Treat Taxation Differently?
10:30 Do Affluent People in Canada Form Family Offices?
13:45 What is the Tax Rate on Affluent Individuals in Canada?
17:50 What Vehicles Do High Net Worth Canadians Use to Lower Their Exposure?
21:00 How Do People Find Moodys Private Client and What are They Looking For?
22:45 Kim is Transparent with his Politics on LinkedIn. Does that Work?
26:20 Why Should You Be Open About Your Political Positions on LinkedIn?
28:50 Why Do US Citizens Renounce Their Citizenship? Kim’s Firm Focuses On This
35:00 What is the Double Taxation Exposure US Citizens Face in Canada?
36:07 How Does Kim Get Business from Other Accountants?
37:40 What is the Need for Trusts in Canada to Bypass the Probate Process?
38:40 What is Kim’s Biggest Concern about the Canadian Economy in the Next 5 Years?
Kim G. C. Moody
CEO
Moodys Private Client, Moodys Tax
(403) 693-5100
kmoody@moodystax.com
About Kim G.C. Moody
The antithesis of the status quo, Kim is driven to innovate new and better ways to do things for the clients he serves, the advancement of the firm, and other professionals in tax. His relentless obsession with getting to know everything in the Tax Act makes him a highly sought-out resource for peers and clients. In March 2020, Kim published his first book, Making Life Less Taxing: Pay Attention To Your Taxes So You Can Pay Less Tax and Build a Strong, Smarter Canada – an Amazon bestseller in a number of categories.
Kim’s primary area of expertise is tax and estate planning for owner-managers of private corporations and executives, particularly those who have entered into the tax complexities that come with being affluent. Though admittedly not one himself, Kim works with many professional athletes (a guy has got to dream after all). Kim also has expertise in trust and estate taxation and enjoys solving the complexities that arise in developing a well-thought-out estate and succession plan and dealing with testamentary taxation matters.
Deciding years ago that sleep was highly overrated, Kim makes time to share his immense knowledge through writing, lecturing, teaching, and being an active, national leader in the tax profession. In 2016, he fulfilled his long-standing goal of receiving admission into law school and is currently exploring ways to fit this ambition into his busy schedule.
Kim’s unique ability is being a loyal, transparent, and honest intellectual rebel who always does the right thing. His passion to lead, teach, never settle, and both seek and speak the truth aid in his contributions to the tax landscape. Kim desires to be an inspirational example for those around him to continuously grow.