Published July 5, 2026 Your morning rundown on the Canadian economy, markets, and money moves — TSX hits a record close, CUSMA talks roll past the deadline, the first CGEB payment lands, and what to expect ahead of the Bank of Canada's July 15 decision. 1. TSX closes at a record high on gold-miner strength The S&P/TSX Composite climbed 0.9% to close at a record 35,275 on Friday, July 3, powered by gold mining stocks. Gold prices firmed after U.S. nonfarm payrolls for June came in at roughly half the expected pace, fuelling bets that the Federal Reserve could turn more dovish. Agnico Eagle, Wheaton Precious Metals, and Barrick all posted solid gains, while financials like Scotiabank and BMO also moved higher on easing oil-supply concerns. Why it matters: if you hold Canadian equity index funds in your TFSA or RRSP, resource and financial-sector strength has been doing a lot of the heavy lifting this year — worth knowing if your portfolio feels more concentrated than you'd...
As tax season approaches, single Canadians have unique opportunities to maximize their returns. Here’s a concise guide to help solo filers navigate the complexities of tax filing and make the most of their financial situation.
1. Utilize Tax Deductions and Credits: With over 400 deductions and credits available, it’s crucial to identify those applicable to your situation. Deductions like self-employed business expenses can lower your taxable income, while credits can reduce the tax you owe.
2. Claim the GST/HST Credit: This refundable tax credit is designed to help low to modest income individuals offset the cost of goods and services. It’s paid out quarterly, and eligibility is determined by filing your taxes on time.
3. Explore the Ontario Trillium Benefit: For Ontarians, this benefit combines three tax credits to assist with energy costs, sales tax, and property taxes. It’s a refundable credit that can provide significant financial relief.
4. File Taxes Efficiently: Even if you have no income to report, filing your taxes can lead to benefits like the GST/HST credit. Additionally, tax software can help identify potential deductions and credits you may not be aware of.
5. Plan Ahead: Use tax calculators to estimate your taxes for the current and following year. This can help you plan for any payments or refunds and make informed financial decisions.
By staying informed and taking advantage of the tax benefits available, single Canadians can file their taxes confidently and efficiently, ensuring they receive all the credits and deductions they’re entitled to.
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