Canadian Money Brief | October 19, 2026 CFB Wainwright Fire: What We Know and How to Help Without Getting Scammed Four Canadian soldiers are dead and 39 people were hurt after a grass fire overtook a live-fire training exercise in Alberta. When tragedy hits, Canadians want to help. Scammers know it. What happened On Saturday, October 17, a fire ignited in a training area at Canadian Forces Base Wainwright, about 200 km southeast of Edmonton. Officials say it began as a grass fire during training that included grenades and live ammunition. Military leaders said the fire was known to range control for hours and was believed to be contained enough for training to continue. Then the wind turned. Reporting from Al Jazeera and ABC News describes gusts jumping from about 50 km/h to as high as 96 km/h, pushing the flames toward soldiers and their administrative area. Defence officials said 84 members of the Princess Patricia's Canadian Light Infantry were in the training area. Four servi...
Tax season is upon us, and staying informed can make the process smoother and less stressful. Here are some essential updates and tips for the 2025 tax-filing season:
- Important Deadlines:
- The deadline for most individuals to file and pay taxes is April 30, 2025.
- Self-employed individuals have until June 16, 2025, to file, but any taxes owed must still be paid by April 30 to avoid interest.
- New Changes:
- Federal income tax brackets have been adjusted to account for inflation, with rates ranging from 15% for earnings up to $57,375 to 33% for earnings above $253,414. The contribution limit for Registered Retirement Savings Plans (RRSPs) has increased to $32,490.
- The Tax-Free Savings Account (TFSA) contribution room remains at $7,000 for 2025.
- Digital Services Enhancements:
- The Canada Revenue Agency (CRA) now offers a document verification service for quicker access to online accounts.
- A live chat feature is available in the CRA's "My Account" portal for personalized assistance.
- Filing Tips:
- File early to avoid last-minute stress and ensure quicker refunds.
- Double-check all tax slips and receipts to claim every eligible credit and deduction.
- Consider seeking help from free tax clinics if you have a modest income and a simple tax situation.
By staying organized and informed, you can make the most of this tax season and potentially maximize your refund.
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