MONTREAL — Canadians will ring in the new year with a number of tax changes that will affect the bottom line of federal and provincial governments. Here’s a look at some of them:

Nationally:

The federal government is ending four child tax credits this year: arts, fitness, education and textbooks in 2017. Parents of children under the age of 16 can pre-pay 2017 arts and fitness programs to claim them on 2016 tax returns as long as total spending for 2016 does ...

According to Statistics Canada, more than half a million Canadians become self-employed each year. Working for yourself can be exciting and scary. You no longer have the security of a regular paycheque and company benefits; but on the plus side, you no longer have a boss, regular hours or annoying co-workers to deal with. It also means you will not have a pension, which makes retirement planning more crucial than ever.

The professional accountants at Common Cents Accounting can ...