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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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Woman Faces Multiple Charges in Taylor Swift Eras Tour Ticket Scam, Toronto Police Say

 

 Toronto police have arrested a woman from Burlington, Ontario, for allegedly scamming dozens of Taylor Swift fans out of nearly $70,000 by selling fraudulent concert tickets. The accused, who used the alias "Denise Blackhawk," allegedly sold fake tickets for Swift's Eras Tour on Facebook Marketplace.

Victims sent e-transfers for the tickets, believing they would receive them closer to the concert date. However, on the day of the show, the tickets were never transferred, and when victims requested refunds, they were told the money was gone. The accused faces 32 counts of fraud under $5,000 and possession of property obtained by crime under $5,000, as well as one count each of fraud over $5,000 and possession of property obtained by crime over $5,000.

Toronto police are working with Halton Regional Police Service on the investigation and believe there may be more victims. The accused is scheduled to appear in court on January 10, 2025.




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