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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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China Strikes Back: Retaliatory Tariffs Signal Renewed Trade Tensions

 

New U.S. tariffs have come into force, triggering an immediate response from Beijing. As the 10% duty on Chinese exports takes effect, Chinese officials have announced a series of countermeasures aimed at protecting national interests and sending a strong message to Washington.

In a swift reply, China will impose a 15% tariff on U.S. coal and liquefied natural gas imports, and a 10% levy on U.S. crude oil, agricultural machinery, and large vehicles. The retaliatory measures also extend to the imposition of export controls on key rare earth metals that are critical for high-tech manufacturing and the transition to clean energy. In addition, Chinese regulators have launched an antitrust investigation into Google, further intensifying the dispute.

Although these new tariffs are scheduled to take effect on Monday, their announcement underscores Beijing’s readiness to challenge U.S. protectionist policies. China has vowed to defend its interests through legal channels at the World Trade Organization, while also leaving open the possibility for negotiations aimed at de-escalating the growing trade conflict.

These developments highlight that, despite ongoing calls for dialogue, the trade dispute between the world’s two largest economies remains far from resolved.


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