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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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Biden-Trump Debate: Age Concerns Take Center Stage

The upcoming debate between U.S. President Joe Biden and Republican Donald Trump is a crucial moment for both candidates. At age 81, Biden aims to demonstrate his capability to handle the rigors of another four-year term, while Trump, at 78, faces scrutiny over his age and stamina. 

A strong performance by Biden could neutralize concerns and shift focus to policy issues, while a weak showing might impact fundraising and poll standings. Mental fitness remains a key issue for undecided voters, with some expressing worries about Biden’s age. Let’s see how this pivotal debate unfolds! 

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