Welcome to another edition of Tax Tips & Traps. Every quarter we offer the latest information to help you plan, invest and save.  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: RETAINING EMPLOYMENT INSURANCE (EI) BENEFITS: STARTING PART-TIME WORK
Page 2: DIRECTOR’S LIABILITY: HELPING OUT FAMILY
Page 2: TAX ON SPLIT INCOME (TOSI): CAN I TAKE A SALARY INSTEAD OF A DIVIDEND?
Page 3: ACTIVE BUSINESS VS. PROPERTY INCOME: MUSIC ROYALTIES
Page 3: CONTRACTOR VS. EMPLOYEE: AGREEMENT ON CONTRACTOR STATUS IS NOT ENOUGH
Page 4: DIVORCE SETTLEMENT: FAMILY BUSINESS

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