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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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Stock Market Update: S&P 500 Turns Green Ahead of Nvidia Earnings

 

In a late-day rally, U.S. stocks managed to flip into positive territory as investors eagerly awaited the high-stakes earnings report from artificial intelligence (AI) powerhouse Nvidia (NVDA). Here’s a snapshot of today’s market action:

  1. S&P 500: The broad-market index edged up more than 0.1%, signaling a cautious optimism among traders. The release of Federal Reserve minutes, which emphasized the central bank’s commitment to avoiding premature interest rate cuts, also played a role in the market’s sentiment.
  1. Dow Jones Industrial Average: The Dow gained about 0.1%, adding nearly 50 points. Investors closely monitored Nvidia’s performance, considering it a bellwether for the AI sector and a potential turning point for overall stock market trends
  1. Nasdaq Composite: The tech-heavy Nasdaq Composite lagged behind, slipping 0.3% following Tuesday’s declines. Nvidia’s shares had dipped almost 3% the previous day, marking their worst performance since October 17.

Nvidia’s Earnings: A Critical Moment

Expectations are running high for Nvidia’s fourth-quarter results. As one of the megacap companies driving recent stock market gains, Nvidia’s performance is closely watched by investors. Its AI-driven revenue growth serves as a barometer for the broader tech industry.

However, the stakes are even higher this time. Nvidia’s report could potentially shape market sentiment and influence trading decisions. Hedge funds have been adjusting their holdings in response to mixed growth prospects among the so-called “Magnificent Seven” stocks, of which Nvidia is a key player.

Other Market Movers

  • Palo Alto Networks (PANW): Shares of this cybersecurity provider plummeted over 28% after it cut its annual revenue forecast. Concerns about a tech spending pullback weighed on investor sentiment.
  • Walgreens (WBA): The pharmacy giant lost its spot on the blue-chip Dow index to Amazon (AMZN), causing Walgreens shares to slide by as much as 3%.

Fed Minutes and Interest Rates

The Federal Reserve’s January meeting minutes highlighted the risks of moving too quickly in easing interest rates. Recent economic data has led to uncertainty about the timing of rate cuts, with June being the most probable window.

As the market awaits Nvidia’s earnings release after the bell, investors remain on edge. Will Nvidia’s results validate the AI trade’s strength, or will they signal caution? Only time will tell.

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