Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump Reaffirms Tariff Threats Against Canada at Davos

In a virtual address at the World Economic Forum in Davos, Switzerland, U.S. President Donald Trump reiterated his stance on imposing tariffs against Canada. Trump emphasized that the United States does not need Canadian imports of oil, gas, vehicles, or lumber, and criticized Canada's trade policies as unfair.

Trump's comments come just days after his inauguration for a second term, marking his first international speech since returning to the White House. He characterized the trade relationship between the two nations as adversarial and blamed Canada's import policies for the U.S.'s trade deficit.

During his speech, Trump highlighted his administration's protectionist plans, including tariffs, deregulation, and tax cuts, aimed at reducing inflation and boosting the U.S. economy. He also mentioned that the U.S. would demand respect from other nations and would not tolerate trade deficits.

Canadian political leaders have expressed concern over Trump's remarks, with some advocating for diplomacy and others preparing for potential retaliation. Alberta Premier Danielle Smith, who recently met with Trump, emphasized the importance of cross-border trade within the oil and gas sectors.

Trump's speech has triggered widespread criticism and debate among political leaders and economists, who warn that tariffs on Canadian energy exports could drive up gasoline prices for Americans and threaten Trump's plans for "energy dominance".


Labels:

Comments

Post a Comment