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: IMMEDIATE CAPITAL ASSET WRITE-OFF: BUDGET 2021
Page 2: CANADA RECOVERY HIRING PROGRAM (CRHP): NEW HIRING SUBSIDY
Page 2: EXTENDED WAGE AND RENT SUBSIDIES: DETAILS RELEASED
Page 3: BENEFICIAL OWNERSHIP OF CORPORATIONS: MORE INFORMATION TO BE DISCLOSED
Page 3: RENTAL PROPERTIES: MAJOR REPAIR EXPENSES
Page 4: COVID-19 BENEFITS FOR INDIVIDUALS: PERIOD EXTENSIONS
Page 4: TAXPAYER RELIEF: FINANCIAL HARDSHIP
Page 5: GUARANTEED INCOME SUPPLEMENT: MORE PEOPLE ARE NOW ELIGIBLE

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