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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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Smart Strategies for a Budget-Friendly Summer Vacation

 

Here are some expert tips to help you save money on your upcoming summer getaway:

  1. Be Flexible on Location and Timing:

    • Research different destinations to get an idea of costs. Sometimes, what seems expensive might not be.
    • Consider flying mid-week (between Tuesday and Thursday) for cheaper flights.
    • Keep an eye on hotel and car rental prices; they can fluctuate.

  2. Leverage Credit Card Loyalty Programs:

    • Use credit card points for flights, hotels, cruises, and car rentals.
    • Air Canada’s Aeroplan rewards program offers benefits beyond flights.

  3. Create a Budget:

    • Set a daily spending limit for food, drinks, and other expenses.
    • Carry a debit or credit card for emergencies.

Remember, thoughtful planning can help you enjoy your vacation without breaking the bank! 

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