2016 Tax Facts

Can you believe March is almost over? 2016 sure is flying by…

I read an article the other day that summarized a lot of the new and modified tax credits and I wanted to share them with you…

The article covers the children’s fitness tax credit, tax free savings accounts, search and rescue volunteer credit, the family tax cut credit, and more.

If you’ve bought, built, or made major renovations to a home in the last two years, you may be eligible for up to $30,000 through the GST/HST rebate. Learn more about it here.

An important change this year is a deal between Canada and the US that allows them to share more information about how much time you spent south of the border. If you have a “substantial presence” in the US, you might have to file taxes there, too.

So take a look at the full article on CBC News and make sure you’re prepared!