Welcome to another edition of Tax Tips & Traps. Every quarter we offer the latest information to help you plan, invest and save. In this edition we continue to focus on the coming changes that the new federal liberal government plans to implement and issues surrounding CPP and EI for certain types of employment.  We look at CRA’s techniques for auditing owner managed companies and the most recent scams surrounding CRA calls.  We invite you to call our office if there are any points within the publication that you would like to discuss.

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In this edition:

Page 1: TAX TICKLERS
Page 1: TIPS AND GRATUITIES
Page 2: WORKING BUT NOT PAYING YOURSELF
Page 2: CRA SCAMMERS
Page 3: MULTIPLICATION OF THE SMALL BUSINESS DEDUCTION
Page 3: COMBINED AUDITS OF OWNER MANAGED COMPANIES
Page 3: CREDIT CARD COMPARISON
Page 4: CRA ONLINE SERVICES
Page 4: INSURABLE EARNINGS

This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy!