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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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Gaza Ceasefire Talks Stalled Amid Deepening Humanitarian Crisis

 

The ongoing conflict in Gaza has reached a critical juncture as ceasefire talks remain deadlocked. Hamas, the Palestinian militant group, is steadfastly adhering to its terms for a ceasefire deal and a potential hostage exchange with Israel. Meanwhile, the United States has indicated that the negotiations in Cairo are “in the hands of” Hamas, emphasizing the group’s pivotal role in finding a resolution.

Negotiators from Hamas, Qatar, and Egypt are currently in Cairo, striving to secure a 40-day ceasefire in the war between Israel and Gaza. However, Israel’s absence from the talks complicates the process, leaving critical issues unresolved.

The situation on the ground is dire. The humanitarian crisis in Gaza has deepened, affecting civilians who are already grappling with the devastating impact of the conflict. Healthcare facilities are struggling without electricity, and civilians find themselves virtually “cut off from the outside world.” The need for a ceasefire is urgent, not only for the immediate relief it would provide but also to prevent further escalation that threatens peace and security for both Palestinians and Israelis.

As the talks continue, the international community closely watches, hoping for a breakthrough that can alleviate the suffering and pave the way for a more stable future in the region.




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