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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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Starbucks Workers Escalate Strike, Threatening Holiday Operations

 

Starbucks workers across the United States have launched a five-day strike, demanding better pay, staffing, and schedules. The strike, organized by the Starbucks Workers United union, began on December 20th in cities like Los Angeles, Chicago, and Seattle. The union warns that the strike could impact hundreds more stores by Christmas Eve.

Union members cite unresolved issues over wages and labor practices as key reasons for the protest. Despite earning an average of $21 an hour, baristas argue that this wage is inadequate given inflation and the high cost of living, especially since many employees don't receive 40-hour workweeks.

Starbucks has held multiple bargaining sessions with the union since April but claims that the union prematurely ended the latest session. The company has offered a 1.5% wage increase in future years, but the union has rejected this offer, demanding a more substantial raise.

As the holiday season approaches, the strike poses a significant challenge for Starbucks, which relies heavily on holiday sales. The union's actions reflect a broader trend of labor unrest in the service industry, with similar strikes occurring at other major companies.

The outcome of these negotiations remains uncertain, but the strike has already garnered significant attention and support from the public.



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