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Canada's Tax Cut 2026: What It Means for Your Wallet

  If you haven't noticed a slightly fatter paycheque in 2026 — you're not imagining it. Canada's middle-class tax cut is now fully in effect, and nearly 22 million Canadians are paying less federal income tax this year. The question is: how much are you actually saving, and what's the smartest thing to do with it? Here's your plain-English breakdown — no tax jargon, no fluff. What Changed — And When In July 2025, the federal government cut the lowest federal income tax rate from 15% to 14% . That rate applies to the first $58,523 of every Canadian's taxable income in 2026 — regardless of how much you earn overall. Because it kicked in mid-year, the effective 2025 rate was a blended 14.5%. In 2026, you get the full 1% reduction from January 1 . Bill C-4 (the Making Life More Affordable for Canadians Act ) received Royal Assent on March 12, 2026 — making this cut permanent law. 2026 Federal Tax Brackets at a Glance The CRA also applied a 2% indexation adjustment...
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US stocks rebound from inflation shock as investors eye Fed comments, earnings



US stock futures rose on Wednesday, looking to recover from a sharp selloff triggered by hotter-than-expected inflation data that dashed hopes for interest-rate cuts before the summer.

Dow Jones Industrial Average ( ^DJI) futures added 0.2%, signaling a bounce back for the blue-chip index from a 500-point drop and its worst day since March 2022. Futures on the S&P 500 ( ^GSPC) put on roughly 0.4%, while those on the tech-heavy Nasdaq 100 ( ^NDX) jumped 0.5% — also on the heels of steep declines.

Investors were gripped by the wild fallout from a typo in Lyft’s ( LYFT) financial update late Tuesday. Shares in the ride-hailing company initially rocketed 67%, but the rally lost steam after Lyft corrected an error in its statement that boosted its profit outlook. The stock remained up a more modest 20% in premarket trading.

A new wave of earnings reports also could deliver some impetus, with Cisco ( CSCO ), Kraft Heinz ( KHC ), and Warren Buffett-linked Occidental ( OXY) among the big hitters on the list.

Comments by Fed officials Austan Goolsbee and Michael Barr in their appearances later in the day could provide more grist for the ever-present debate on rate timing.

Investors are coming to grips with the prospect of the Federal Reserve holding fire on rate cuts until later in the year — and a potential “no landing” scenario for the US economy.

The latest inflation reading showed consumer prices rose more than expected in January, increasing the odds of a “no landing” outcome, which would be a failed attempt of the Fed to quell inflation but, ultimately, would not result in a recession.

Bets on a March interest rate cut are now all but gone. Pricing on the CME FedWatch Tool now places a 39% chance the Fed cuts in May, down from a 67% chance just a week ago.

“In our view, a March cut is now firmly off the table and the chances of a May cut have significantly reduced. But we remain comfortable with our call for rate cuts to begin in June,” Bank of America US economist Stephen Juneau wrote in a research note on Tuesday.

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