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Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
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Trump Initiates Tariff Investigation on Lumber Imports, Targeting Canada

 

In a move that could reshape the lumber trade landscape, U.S. President Donald Trump has directed the Commerce Department to launch a new investigation into lumber imports under Section 232 of the Trade Expansion Act of 1962. This probe aims to assess whether imports, including those from Canada, pose a national security risk. The investigation could lead to additional tariffs on top of the existing 14.5% duties on Canadian softwood lumber.

The administration has also announced steps to boost domestic lumber production, including streamlining the permitting process for harvesting timber and salvaging fallen trees. White House officials argue that reliance on imported lumber undermines economic prosperity and national security, citing the U.S. military's significant use of lumber for construction.

This development adds another layer to the long-standing trade tensions between the U.S. and Canada over softwood lumber, with potential economic implications for both nations.

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