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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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Market Jitters: U.S. Stocks Retreat Amid Tariff Tensions

                                     

U.S. stock futures took a hit on Tuesday as investors reacted to President Donald Trump's latest tariff measures, sparking fears of an escalating trade war. The Dow Jones Industrial Average futures fell 0.3%, while S&P 500 futures dropped 0.5%, and Nasdaq 100 futures shed 0.6%. These declines followed Monday's sell-off, driven by concerns over the economic impact of the tariffs.

The new measures include a 25% tariff on imports from Canada and Mexico, alongside a doubling of duties on Chinese goods to 20%. In response, Canada announced immediate retaliatory tariffs on U.S. imports, while China imposed additional duties on American agricultural products. Despite the tensions, China's measured response left some room for negotiation, offering a glimmer of hope for market stability.

Retail giants like Target and Best Buy also faced challenges, with Target warning of profit pressures due to tariff uncertainties. Meanwhile, bond markets reflected growing concerns about global economic growth, as traders adjusted expectations for Federal Reserve interest rate cuts.

The unfolding trade tensions and their potential impact on global markets continue to dominate investor sentiment, leaving markets on edge as they navigate this uncertain landscape.

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