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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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Trump Administration Plans Major Immigration Raid in Chicago

The incoming U.S. presidential administration under Donald Trump is set to launch a significant immigration raid in Chicago the day after he takes office, according to a report by the Wall Street Journal. The operation, expected to commence on Tuesday, will involve between 100 and 200 officers from the U.S. Immigration and Customs Enforcement (ICE) and is anticipated to last all week.

Trump's transition team has not yet responded to requests for comment. However, Tom Homan, the incoming border czar, stated at an event in Chicago that the administration would begin its efforts in the city. He warned that if the Chicago mayor does not cooperate, he could face prosecution for harboring or concealing illegal aliens.

Immigration was a central theme of Trump's campaign, and he has promised to initiate the largest domestic deportation operation in American history immediately after his inauguration. The administration plans to mobilize various government agencies to support this effort and pressure sanctuary jurisdictions to comply.


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