2017 Tax Change Checklist
Steve Bentley BA CFP
Managing Principal CFP ?? NORTHERN RIVER Financial ?? HUB Financial ?? 100MenWR ?? Friends of Algonquin Park ?? Wildlife Photographer Rehab ?? NORTHERN RIVER Images
Perhaps one of the most important things to note at this time of year, during tax filing, almost goes unspoken. There are always changes that we should be aware of and we often have to rely on our tax preparers or determine ourselves through research. Fortunately, those that use tax filing software such as TurboTax, UFile and H&R Block, as more of us are doing annually, will be advised of those changes that affect our individual situations while preparing their tax returns.
The message here is that Canadians now rushing to file their taxes before the looming April 30 deadline should stop to check the changes the Canada Revenue Agency (CRA) made since last season. Whether you’re a parent, a student, a commuter or a caregiver, these changes may have an impact on your taxes. First, let’s review the credits that have been eliminated for 2017...