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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...
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Master Your Finances: Stop These Money Mistakes for Good


Master Your Finances: Stop These Money Mistakes for Good



 If you're aiming for financial stability and success, it's crucial to address and rectify common money mistakes that can hinder your progress. 


1. One major mistake to stop making now is neglecting to budget effectively. Without a clear budget, you risk overspending, accumulating debt, and failing to save for important goals. 

2. Another mistake is avoiding or delaying investing. Not investing can mean missing out on potential growth and compounding over time. Additionally, carrying high-interest debt, such as credit card balances, without a plan to pay it off quickly can drain your finances. 

3. Lastly, ignoring your credit score can be detrimental when seeking loans or favorable interest rates. By addressing these mistakes and adopting better financial habits, you can pave the way for a more secure and prosperous future.


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