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Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
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Fashion Farewell: Ted Baker, Brooks Brothers, and Lucky Brand Close Shop

 

In a significant turn of events, three iconic clothing retailers—Ted Baker, Brooks Brothers, and Lucky Brand—are bidding farewell to their Canadian stores. Let’s delve into the details of these closing sales and their impact on the retail landscape.

1. Ted Baker Canada: Ted Baker, known for its British style and attention to detail, has initiated store-closing clearance sales across its Canadian and U.S. locations. The brand’s entire collection is now marked down, offering shoppers a chance to snag their favorite pieces at discounted prices. The fate of Ted Baker’s stores remains uncertain, but the sales are in full swing. Online shopping has been temporarily suspended during this transition.

2. Brooks Brothers Canada: Brooks Brothers, a 202-year-old clothier, faces a similar fate. The company’s Canadian assets are now part of its parent company’s U.S. bankruptcy proceedings. The luxury clothing retailer plans to sell its inventory to SPARC Group LLC, which acquired Brooks Brothers and its affiliates for $325 million. Thirteen Brooks Brothers stores in Canada will be closing, with the possibility of more closures during the bankruptcy process.

3. Lucky Brand: Lucky Brand Dungarees, a denim retailer, has also filed for bankruptcy protection. The pandemic played a role in their financial struggles, leading to the decision to sell the company. Lucky Brand plans to close 13 stores, and additional closures may occur during the bankruptcy proceedings. Lucky’s Canadian locations are part of this restructuring, signaling the end of an era for the brand.

These closures mark a significant shift in the retail landscape, leaving fashion enthusiasts reminiscing about the unique styles and memories associated with these beloved brands. As the doors close, shoppers have a final chance to grab a piece of fashion history before these storied names fade into the past.

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