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Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
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Practical Ways to Save Money



Saving money can be challenging, especially in times of economic uncertainty. However, there are some practical ways to reduce your expenses and increase your savings without sacrificing your quality of life. Here are some tips to help you save money:

- Track your spending. The first step to saving money is to know where your money is going. You can use a budgeting app, a spreadsheet, or a simple notebook to record your income and expenses. This will help you identify areas where you can cut costs and allocate more money to your savings goals.

- Set realistic goals. Saving money is easier when you have a clear purpose and a timeline. Whether you want to save for a vacation, an emergency fund, or a retirement plan, you should set a specific amount and a deadline for your goal. This will help you stay motivated and focused on your progress.

- Automate your savings. One of the best ways to save money is to make it automatic. You can set up a direct deposit from your paycheck to your savings account, or use an app that rounds up your purchases and transfers the difference to your savings. This way, you won't have to think about saving money every month, and you'll be less tempted to spend it.

- Cut unnecessary expenses. There are probably some expenses that you can eliminate or reduce without affecting your lifestyle. For example, you can cancel subscriptions that you don't use, switch to a cheaper phone plan, or cook more meals at home instead of eating out. These small changes can add up to big savings over time.

- Shop smart. When you do need to buy something, make sure you get the best deal possible. You can use coupons, discounts, cashback apps, or comparison websites to find the lowest prices on the items you need. You can also buy secondhand, borrow, or swap items with friends or family instead of buying new ones.

- Save energy. Another way to save money is to lower your utility bills by using less energy. You can do this by turning off lights and appliances when not in use, adjusting your thermostat, using energy-efficient bulbs and appliances, or installing solar panels. You can also save water by taking shorter showers, fixing leaks, or using low-flow faucets and showerheads.  

These are just some of the practical ways to save money in 2023. By applying these tips consistently, you can make a significant difference in your finances and achieve your savings goals faster.




































































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