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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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Ontario Drivers Enjoy Free Rush Hour Travel on Hwy. 407 This March

Ontario drivers are in for a treat this March as the 407 Express Toll Route (ETR) offers free travel during weekday rush hours. From March 1 to March 31, personal vehicles with Ontario license plates can use the highway toll-free between 7 a.m. and 9:30 a.m., and again from 3:30 p.m. to 5:30 p.m. This promotion applies to the stretch of the highway between the QEW in Burlington and Brock Road in Pickering.

To take advantage of this offer, drivers must sign up for a "My Account" with the 407 ETR and agree to the Paperless Agreement. Eligible trips will appear as promotional credits on their bills, though transponder lease fees will still apply.

This initiative aims to ease traffic congestion and provide financial relief to commuters. However, heavy vehicles and those without Ontario plates are not eligible for the promotion. While the offer is limited to March, it has sparked discussions about the potential for similar initiatives in the future. 

Enjoy the open road and a little extra savings this month!

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