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Canada's Tax Cut 2026: What It Means for Your Wallet

  If you haven't noticed a slightly fatter paycheque in 2026 — you're not imagining it. Canada's middle-class tax cut is now fully in effect, and nearly 22 million Canadians are paying less federal income tax this year. The question is: how much are you actually saving, and what's the smartest thing to do with it? Here's your plain-English breakdown — no tax jargon, no fluff. What Changed — And When In July 2025, the federal government cut the lowest federal income tax rate from 15% to 14% . That rate applies to the first $58,523 of every Canadian's taxable income in 2026 — regardless of how much you earn overall. Because it kicked in mid-year, the effective 2025 rate was a blended 14.5%. In 2026, you get the full 1% reduction from January 1 . Bill C-4 (the Making Life More Affordable for Canadians Act ) received Royal Assent on March 12, 2026 — making this cut permanent law. 2026 Federal Tax Brackets at a Glance The CRA also applied a 2% indexation adjustment...
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Israel Claims Ceasefire Violation, Fires on Southern Lebanon

 

Just hours after a ceasefire between Israel and Hezbollah took effect, Israel has accused Hezbollah of violating the truce and responded with tank fire on six areas in southern Lebanon. The ceasefire, brokered by the United States and France, was intended to halt over a year of hostilities and allow displaced residents to return to their homes.

The Israeli military reported that several suspects, some in vehicles, were identified in the southern zone, breaching the conditions of the ceasefire. In response, Israeli tanks fired on the areas of Markaba, Wazzani, Kfarchouba, Khiyam, Taybe, and the agricultural plains around Marjayoun. Two people were reportedly injured in Markaba.

Hezbollah lawmaker Hassan Fadlallah accused Israel of attacking civilians returning to their villages. The situation remains tense as both sides monitor the ceasefire's implementation, with Israeli forces still stationed in southern Lebanon and surveillance drones flying over the area.



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