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5 Things Every Canadian Should Know About Their Money Today

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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Third Time's the Charm? Canadian Government Faces Another Tory Non-Confidence Vote

 

In Ottawa today, the Liberal government is bracing for its third Conservative non-confidence vote. Despite the tension, the government is expected to survive, thanks to the support of the New Democratic Party (NDP).

The motion, which quotes NDP Leader Jagmeet Singh's criticisms of the Liberals, calls for the House to agree with Singh and vote to bring down the government. However, Singh has already stated he will not support the Conservatives, making the motion's failure likely.

In addition to the non-confidence vote, the House will also vote on an NDP motion to expand the GST break and the $250 "working Canadians rebate" to fully retired seniors and people relying on disability benefits. These votes come as the House faces a deadline to approve billions of dollars in government spending, including $21.6 billion for housing, dental care, and the national school food program.

The House has been gridlocked since late September due to a Conservative filibuster over a privilege motion related to the Liberals' refusal to provide unredacted documents about a now-defunct green technology fund. This gridlock was temporarily paused by House Speaker Greg Fergus to allow for the spending debate and opposition motions.

As the political drama unfolds, Canadians are watching closely to see if the government can navigate these turbulent waters and continue to function effectively.




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