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Canada’s 2026 Federal Tax Brackets: The Five Income Ranges After Indexation

Canada’s federal income tax system adjusts each year to keep pace with inflation, and the 2026 tax year reflects another round of indexation. These updates ensure that taxpayers aren’t pushed into higher tax brackets simply because their incomes rise with the cost of living. For 2026, the inflation adjustment increases all bracket thresholds, and the fully implemented lowest tax rate of 14% remains in effect. The Five Federal Tax Brackets for 2026 After applying the annual indexation factor, the federal tax brackets for 2026 are: 2026 Taxable Income Range Federal Tax Rate Up to about $57,000 14% $57,000 – $114,000 20.5% $114,000 – $177,000 26% $177,000 – $252,000 29% Over $252,000 33% These ranges reflect the inflation‑adjusted thresholds used to calculate federal income tax for the year. Why Indexation Matters Indexation prevents “bracket creep,” a situation where taxpayers pay more tax simply because inflation pushes their income into a higher bracket. By adjusting ...
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Trudeau Announces $15 Billion Boost to Housing Program

 

Prime Minister Justin Trudeau has unveiled plans for a $15 billion increase to the Apartment Construction Loan Program (ACLP) as part of Budget 2024. This significant boost aims to construct a minimum of 30,000 new apartments across Canada.

As part of this announcement, the Prime Minister also introduced the Canada Builds program. This initiative will partner with provinces and territories to build rental housing, providing federal financing under certain conditions. These conditions include complementing federal funding with their own investments, utilizing government, non-profit, community-owned, and vacant lands, and streamlining development approval timelines to no longer than 18 months.

The Apartment Construction Loan Program, launched in 2017, has already committed over $18 billion in loans to support the creation of more than 48,000 new rental homes. With this top-up, the program’s financing is now on track to build over 131,000 new apartments within the next decade. Reforms announced alongside this boost include extending loan terms and broadening access to financing for housing aimed at students and seniors.

This move represents a significant step toward addressing Canada’s housing challenges and ensuring affordable housing options for citizens. As the country continues to grow, initiatives like the ACLP play a crucial role in meeting the housing needs of Canadians.


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