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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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Your daily horoscope: March 17, 2025 Sally Brompton

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There will be so much going on in your life over the coming year that when you successfully finish one challenge you will scarcely have time to draw breath before moving on to the next. That’s good – you’re at your best when the pressure is on.

ARIES (March 21 - April 20):

When the sun enters your birth sign on Thursday your overall attitude will become a lot more positive than it has been of late. Whatever has been worrying you will no longer look like such a big deal – and the simple fact is it never was!

TAURUS (April 21 - May 21):

There are so many things going on in your world that you may be having trouble trying to work out what should be classed as “good” and what should be classed as “bad”. It doesn’t matter – it’s all experience that can be turned to your advantage.

GEMINI (May 22 - June 21):

If someone in a position of power makes you an offer of some kind today you would be wise to wait until later in the week before giving them an answer. If they try to force you into making a choice now chances are it’s not right for you.

CANCER (June 22 - July 23):

Mars in your sign makes you impatient to succeed but it won’t be until the sun moves into the career area of your chart later in the week that you get the chance to show what you can do. In the meantime, there’s no need to be pushy.

LEO (July 24 - Aug. 23):

A few days from now the sun will move in your favour and you will get the opportunity to start moving your life in a more adventurous and advantageous direction. Over the next 24 hours limit yourself to making plans – but make them big!

VIRGO (Aug. 24 - Sept. 23):

You may need to backtrack a little today as the planets indicate you took a wrong turning a few days ago. Don’t be stubborn and keep moving in the same direction because that will only make the return journey harder later on in the week.

LIBRA (Sept. 24 - Oct. 23):

Good news is coming your way and will arrive around the time the sun moves into your opposite sign toward the end of the week. Listen carefully to what the people you trust most have to say, because they can see the bigger picture.

SCORPIO (Oct. 24 - Nov. 22):

There have been times of late when you clearly bit off more than you can chew but you are still here and still going strong so it’s no big deal. On the other hand, it would be foolish to keep taking on tasks that are too much for you.

SAGITTARIUS (Nov. 23 - Dec. 21):

There is such a thing as blind luck but more important by far are the decisions you make and the choices you take along the way. Keep believing that you were born to succeed, and keep doing the things that can make it happen.


CAPRICORN (Dec. 22 - Jan. 20):

It is of the utmost importance that you stay calm today, no matter how infuriating other people may be. Even if you are boiling mad on the inside you must present a face to the world that looks ice cold. That will scare your enemies the most!

AQUARIUS (Jan. 21 - Feb. 19):

You will encounter setbacks of one sort or another today but there is no point getting worked up about them. They may seem important now but they will fade into insignificance later in the week. In the greater scheme of things you’re doing okay.

PISCES (Feb. 20 - Mar. 20):

If you find that you lack enthusiasm for a particular task then junk it and focus on something that seems more to your liking. The Sun is coming to the end of its stay in your sign, so don’t waste your time on stuff you don’t really enjoy.


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