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From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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Farmers Rally in London Against Inheritance Tax Changes

 

Thousands of farmers from across the UK gathered in London today to protest against the government’s recent changes to inheritance tax rules. The demonstration, one of the largest in recent memory, saw farmers marching through Westminster, voicing their concerns over the potential impact on their livelihoods and the future of British farming.

The new tax reforms, announced in the latest budget, will impose a 20% inheritance tax on farms valued over £1 million starting from April 2026. Farmers argue that this change will force many to sell parts of their land to cover the tax bill, threatening the continuity of family-run farms and impacting food security.

Max Sealy, a representative of the National Farmers’ Union (NFU), expressed the widespread frustration: "This is a bad tax - it’s been badly implemented because it will affect growth productivity in the country". The protest drew support from various public figures, including TV presenter and farm owner Jeremy Clarkson, who urged the government to reconsider the policy.

Despite the government’s assurances that only the wealthiest estates will be affected, farmers remain unconvinced. They cite data suggesting that a significant portion of farms will fall under the new tax threshold, contrary to the government’s estimates.

As the protest continues, the NFU plans to lobby MPs, hoping to reverse the changes and secure a more favorable outcome for the farming community.


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