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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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"Believe you can and you're halfway there," by Theodore Roosevelt

 



Certainly! The quote, "Believe you can and you're halfway there," attributed to Theodore Roosevelt, is a powerful and inspirational message about the importance of self-belief and confidence. Here are some thoughts on this quote:

  1. 1. Positive Mindset: The quote emphasizes the significance of having a positive mindset and self-confidence. Believing in yourself and your abilities is the first step toward achieving your goals.


  3. 2. Motivation: This quote can serve as a source of motivation. It reminds us that our beliefs play a significant role in our success. When you believe in your capabilities, you're more likely to take action and persevere, even in the face of challenges.


  5. 3. Overcoming Doubt: Doubt and insecurity can often hold people back from pursuing their ambitions. This quote encourages individuals to push past their self-doubt and embrace the power of self-assurance.


  7. 4.. Self-Fulfilling Prophecy: The idea behind the quote is reminiscent of the concept of a self-fulfilling prophecy. If you believe you can achieve something, you're more likely to work towards it with determination and, in turn, increase the chances of success.


  9. 5. Halfway There: The quote implies that believing in oneself is not the only thing required to achieve a goal, but it's a critical first step. To reach your destination, you must take action, put in effort, and persist in the face of challenges. However, having the right mindset is often the catalyst for those actions.

Overall, this quote encourages a proactive and confident approach to pursuing one's goals and ambitions. It reminds us that our belief in ourselves can be a driving force that propels us toward success.








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