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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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Cryptocurrency and Taxes: What You Need to Know


Cryptocurrency is a digital asset that is becoming increasingly popular among investors. However, the Canada Revenue Agency’s (CRA’s) stance on cryptocurrencies can lead to unexpected tax implications for investors.

Here are some key issues:

  • Taxable Events: Depositing crypto with a trading platform may be considered a taxable event if ownership is transferred to the platform.
  • Tax Consequences: The profit from the sale or transfer of crypto may be taxed as capital gain or business income, depending on whether it’s a capital asset or business inventory.
  • Loss Claims: Losses from crypto fraud may not be claimable if the individual doesn’t own the cryptocurrency according to the contractual relationship with the trading platform.
  • Investor Awareness: Investors should carefully review terms and conditions when depositing crypto, as CRA’s views could significantly impact tax obligations.

It is importance to understand CRA’s perspective on cryptocurrency ownership and taxation to avoid surprises.  If you’re unsure about the tax implications of your cryptocurrency investments, it’s best to consult a tax professional.




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