We are still dealing with the 2016 personal income tax season but it is not too soon to think about 2017.
In 2017 there are fewer tax credits available so Canadian taxpayers will have less need of holding onto paper.
After June 30 you can stop keeping your bus pass once you stop using it to get on the bus. The transit credit has been eliminated for bus passes issued after June 30, 2017.
The children’s fitness and arts credit have also been eliminated for 2017 so no more hockey or music lesson receipts are needed.
And another reminder we have not been able to deduct safety deposit box fees for a few years so you can stop sending them to your personal tax preparer.
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