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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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Your daily horoscope: February 5

              

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Aquarius is one of the zodiac’s fixed signs, which means you don’t change your ways often. This year, however, you must learn to be more adaptable, especially where new technology and new techniques are concerned. Don’t get stuck in the past.

ARIES (March 21 - April 20):

You must resist going to extremes over the next 24 hours, because if you allow the overly assertive side of your nature to take over you will almost certainly provoke a backlash. Venus in your sign should make it easier to avoid excessive behaviour.

TAURUS (April 21 - May 21):

Uranus in your sign means you will enjoy shocking people by saying and doing things that seem to be at odds with your easygoing nature. Just remember that while it may be a huge joke to you not everyone will be amused by your antics.

GEMINI (May 22 - June 21):

Although an upheaval of some kind is likely today it won’t be too traumatic and may even lead to you seeing there are better ways of doing things both at home and at work. Keep your wits about you and find ways to benefit from all situations.

CANCER (June 22 - July 23):

Your work situation has been a bit challenging of late but as Venus moves deeper into the career area of your chart you will find that you react less to setbacks and provocation. Life is supposed to be fun and there will always be reasons to smile.

LEO (July 24 - Aug. 23):

Because you want to spice things up a bit you may be tempted to do something outrageous today but you really must think before you act. If you go too far you could upset someone in a position of power and that won’t be good for your career!

VIRGO (Aug. 24 - Sept. 23):

Opportunities to move up in the world will come thick and fast over the next few days but you must be aware of your limits and you must be brave and say “No” if others try to push you too hard. Be true to who you really are.

LIBRA (Sept. 24 - Oct. 23):

You can sense that great things are going to happen and that you will be at the centre of things. As one of the zodiac’s cardinal signs your destiny is to be a doer rather than a watcher, so seize the moment and make things happen.

SCORPIO (Oct. 24 - Nov. 22):

You may be sad that something important has gone out of your life but you can already see signs that something even better will be coming in soon to replace it. What occurs over the next 24 hours will revive your passion for adventure.

SAGITTARIUS (Nov. 23 - Dec. 21):

Everything seems to be going so well for you at the moment that you may be wondering if there is some sort of catch. Don’t worry, there is no reason to believe that the universe is playing tricks on you. It really is all good!


CAPRICORN (Dec. 22 - Jan. 20):

If someone you live or work with tries to play on your emotions today you must make it clear that you have no intention of losing your cool. If they want to play silly games that’s up to them but you’re in one of your serious moods.

AQUARIUS (Jan. 21 - Feb. 19):

You must keep family matters and work issues well away from each other today. If you allow one to influence the other, even in small ways, the situation could get very confusing very quickly. Sometimes you have to compartmentalize your life.

PISCES (Feb. 20 - Mar. 20):

You will want to stir the pot a bit today, especially when dealing with people you know can be super touchy. Have fun by all means but don’t wind them up to such an extent that you lose their friendship when they find out what your game is

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