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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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Elon Musk's Pentagon Visit Sparks Controversy Over Leaks

Billionaire entrepreneur Elon Musk recently held a high-profile meeting at the Pentagon, marking an unprecedented step in his involvement with U.S. government affairs. The meeting, which lasted 80 minutes, was with U.S. Defense Secretary Pete Hegseth and focused on innovation and efficiency in government operations. Musk, whose companies like SpaceX and Tesla have significant Defense Department contracts, emphasized his commitment to supporting government initiatives.

However, the visit was overshadowed by controversy. Reports surfaced suggesting Musk might be briefed on sensitive U.S. military plans regarding potential conflicts with China. Both Musk and President Donald Trump vehemently denied these claims, labeling them as "pure propaganda." Musk took to social media to call for the prosecution of Pentagon officials allegedly leaking "maliciously false information" about his visit.

The meeting has raised questions about potential conflicts of interest, given Musk's extensive business ties in China. Critics, including Democratic senators, have demanded transparency regarding the information shared during the meeting. Despite the backlash, Musk expressed his willingness to assist in achieving "good outcomes" for government projects.

The incident highlights the complexities of balancing private sector innovation with national security concerns, especially when high-profile figures like Musk are involved.

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