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: CPP: WHEN TO APPLY?
Page 2: REASONABLE MEAL ALLOWANCES: MOVING, MEDICAL AND MORE!
Page 2: COMMINGLING OF PERSONAL EXPENSES IN THE BUSINESS: THE COST COULD BE VERY HIGH
Page 3: UNREPORTED INCOME: STATUTE-BARRED PERIODS
Page 4: UNREMITTED GST/HST OR SOURCE DEDUCTIONS: DIRECTORS CAN BE PERSONALLY LIABLE
Page 4: U.S. TRANSITION TAX: IRS STARTING COMPLIANCE WORK
Page 5: RRIF/RRSP ON DEATH: ROLLOVER TO A CHILD OR GRANDCHILD’S RDSP

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