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: ENHANCING THE VALUE OF OWNER-MANAGED BUSINESS: STARTING THE TRANSITION EARLY
Page 2: SALARIES TO FAMILY MEMBERS: AMOUNTS PAID MUST BE TRACEABLE
Page 2: PROVIDING SUPPLIES TO YOUR CONTRACTORS: GST/HST ISSUES
Page 3: DIRECTOR LIABILITY: PROPERLY RESIGNING
Page 3: LIFE INSURANCE POLICIES: USING TRACKING SHARES
Page 4: HOLDING DIGITAL ASSETS IN RRSP’S: PITFALLS AND POSSIBILITIES
Page 4: WITHDRAWING FROM FAMILY RESP’S: FLEXIBLE PLANNING POSSIBILITIES
Page 5: WORKPLACE IN HOME CLAIMS: CRA REVIEWS

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