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 TIDBITS
Page 1: SMALL BUSINESS AIR QUALITY IMPROVEMENT TAX CREDIT: COULD YOUR BUSINESS BENEFIT?
Page 2: COVID-19 BUSINESS SUPPORTS: TARGETED MEASURES
Page 3: FALSIFIED EMPLOYMENT RECORDS: THE PENALTIES CAN BE LARGE
Page 4: CORPORATE ADVERTISING AND PROMOTION EXPENSES: CRA INCREASING REVIEWS
Page 4: TEACHERS AND EARLY CHILDHOOD EDUCATORS: EXPANDED ACCESS TO TAX CREDIT
Page 4: CANADA WORKER LOCKDOWN BENEFIT (CWLB): MODIFIED SUPPORT FOR INDIVIDUALS
Page 5: OLD AGE SECURITY (OAS): CLAWBACK PLANNING

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