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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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Diplomatic Tensions Rise Over U.S. Visit to Greenland

 

The Danish Prime Minister, Mette Frederiksen, has strongly criticized an upcoming visit by a high-profile U.S. delegation to Greenland, calling it "unacceptable pressure" on the semi-autonomous Danish territory. The visit, led by Usha Vance, wife of U.S. Vice President JD Vance, includes key figures such as National Security Adviser Mike Waltz and Energy Secretary Chris Wright. Scheduled from Thursday to Saturday, the delegation plans to visit an American military base and attend Greenland's national dog sled race.

Frederiksen's remarks come amidst heightened tensions, as U.S. President Donald Trump has reiterated his interest in acquiring Greenland, citing its strategic importance for national security. Greenland's acting head of government, Múte Egede, has labeled the visit a "provocation," coinciding with local elections and coalition talks.

The visit has sparked protests across Greenland, with many Greenlanders opposing U.S. annexation. Frederiksen emphasized that Greenland's future should be decided by its people, rejecting any external pressure. 

This diplomatic standoff highlights the complexities of Arctic geopolitics and the challenges of balancing national interests with respect for sovereignty.

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