The price field — a lesson about documents, not about NXH

What gave the Lemonis filing away was a single clean price where a range should have been. The private-company version of that mistake is the one that actually costs money: when a corporation issues or transfers shares to an insider, the price is the filing, and CRA will test whether it was fair market value at the date of issue. The time to be able to prove it is the day it happens.

First step this week. For every share issuance or transfer your company has done, make sure the valuation that supported the price is on file, dated, with the method written down. If the number was picked rather than derived, that is worth fixing now rather than in an audit, and it is a conversation with your accountant, not a project.