Skip to main content

Featured

Five Key Tax Changes Coming in 2026: What Canadians Need to Know

  As 2026 approaches, Canadians can expect several important updates to the federal tax system. These changes affect retirement planning, income tax brackets, and a range of credits that influence how much individuals and families will owe—or save—when filing their returns. Here’s a quick look at five of the most notable adjustments. 1. Higher RRSP Contribution Limits Canadians will be able to contribute more to their Registered Retirement Savings Plans (RRSPs) in 2026, thanks to inflation indexing. The increased limit gives savers more room to reduce taxable income while building long‑term retirement security. 2. Updated Federal Tax Brackets Income tax brackets will shift upward to reflect inflation. This means more of your income will be taxed at lower rates, helping offset rising living costs and preventing “bracket creep,” where inflation pushes taxpayers into higher tax brackets without real income gains. 3. Increased Basic Personal Amount (BPA) The Basic Personal Amoun...
Post a Comment
Read more

article

Labels

Defending Your Wallet: Outsmarting the Rising Tide of Scammers for Financial Safety






In an alarming and unfortunate trend, the financial landscape is witnessing a surge in the amount of money being lost to cunning scammers, surpassing previous records. As technology continues to advance, so do the tactics employed by these fraudulent actors, making it imperative for individuals to remain vigilant and well-informed. 


Safeguarding oneself against these threats requires a multi-pronged approach: 

1.Cultivating a healthy skepticism toward unsolicited communications, be it emails, phone calls, or text messages, and refraining from divulging personal or financial information. 

2. Staying updated on the latest scams and techniques used by fraudsters through reliable sources can provide crucial insights for recognizing and evading potential traps. 

3. Utilizing strong, unique passwords and enabling two-factor authentication for online accounts adds an extra layer of defense. 

4. Fostering open conversations within communities about these risks helps spread awareness and empowers everyone to collectively combat the growing threat of scams, ultimately ensuring a safer digital environment for all.



Labels:

Comments

Post a Comment