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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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Russia's Christmas Day Assault on Ukraine: A Grim Reality


On Christmas Day, Russia launched a massive missile and drone attack on Ukraine's energy infrastructure, targeting key facilities and causing widespread power outages. Ukrainian President Volodymyr Zelensky condemned the strikes as "inhumane," emphasizing the deliberate timing of the attack to coincide with the holiday. 

The assault involved over 70 missiles and more than 100 drones, with significant damage reported in cities like Kharkiv and Dnipro. Despite Ukraine's efforts to intercept many of the missiles and drones, the attack led to severe disruptions in electricity and heating, leaving many Ukrainians without power in freezing temperatures.

This attack marks the 13th major strike on Ukraine's energy sector this year, further exacerbating the humanitarian crisis in the country. Ukrainian officials have described the strikes as "Christmas terror," highlighting the ongoing threat posed by Russian aggression.

The international community continues to watch closely as Ukraine works to restore power and provide relief to its citizens amid the ongoing conflict.

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