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: TAXABLE BENEFIT: PARKING PASS
Page 2: PROPERTY FLIPPING: INCOME OR CAPITAL?
Page 3: UNCLAIMED BANK DEPOSITS OR PROPERTY: COULD CHRISTMAS COME EARLY?
Page 4: PROTECTING YOUR TAX INFORMATION: COMMENTS FROM CRA
Page 4: LOAN FROM A SIBLING’S CORPORATION: IS IT TAXABLE?
Page 4: EMPLOYMENT EXPENSES: COMMUTING?
Page 5: TRUSTS FOR DISABLED BENEFICIARIES: GOOD NEWS!

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