Things to keep in mind when doing your taxes in 2016

Canadian financial experts are advising Canadians to take a look at their taxes before 2016. Why? One of the first things the Liberals did a month plus ago after coming into power was lowering the TFSA limit to their previous level from 9 years ago before the last Conservative government replaced the previous Paul Martin Liberal government. So be sure you understand it, especially those of your who have already hit your contribution limit. 

Also, those of you that have incomes in the tax brackets or close to it should make sure to check your taxes before 2016 because there is a great chance/probabiity that you will be affected by the new tax rates. These are but a few items to keep in mind when doing your taxes. Not to mention the sooner you get them done, the less stress you'll feel, and if you are entitled to a refund, the faster you'll get your money! 

Check this link out if you want to read more about it:

http://globalnews.ca/news/2412122/take-a-look-at-your-taxes-before-2016-experts-say/?hootPostID=263883f3df5810fef1d074a797a45dc8