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Canada's Tax Cut 2026: What It Means for Your Wallet

  If you haven't noticed a slightly fatter paycheque in 2026 — you're not imagining it. Canada's middle-class tax cut is now fully in effect, and nearly 22 million Canadians are paying less federal income tax this year. The question is: how much are you actually saving, and what's the smartest thing to do with it? Here's your plain-English breakdown — no tax jargon, no fluff. What Changed — And When In July 2025, the federal government cut the lowest federal income tax rate from 15% to 14% . That rate applies to the first $58,523 of every Canadian's taxable income in 2026 — regardless of how much you earn overall. Because it kicked in mid-year, the effective 2025 rate was a blended 14.5%. In 2026, you get the full 1% reduction from January 1 . Bill C-4 (the Making Life More Affordable for Canadians Act ) received Royal Assent on March 12, 2026 — making this cut permanent law. 2026 Federal Tax Brackets at a Glance The CRA also applied a 2% indexation adjustment...

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Your daily horoscope: March 21

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

A Venus-Pluto link on your birthday means that your passion for a person or a creative activity will reach new heights over the coming year, so commit yourself to it fully and ignore anything and everything that is not directly connected to your goal.

ARIES (March 21 - April 20):

There is something you want to get off your chest but with Mercury moving retrograde the words won’t come easily. Even so you must make the effort because if you say nothing others will believe you are happy with how things are, and you’re not!

TAURUS (April 21 - May 21):

You may seem to be devoid of self-doubt but the planets indicate you are seriously concerned that you may not be able to meet a promise you made earlier in the month. Maybe you’re right and you will let someone down but you must at least try.

GEMINI (May 22 - June 21):

If you nail your colors to a colleague’s mast today you may regret it next week when it becomes apparent that they are in the wrong. Steer clear of endorsing one side or the other on the work front – the only side that matters is your own side.

CANCER (June 22 - July 23):

If a partner or workmate tries to lay the blame for something that went wrong at your door you must speak up loud and clear and let everyone know it wasn’t your fault. You were at fault though for trusting them. Don’t do it again.

LEO (July 24 - Aug. 23):

Something you have long believed in will be called into question today and although you might be inclined to ignore the evidence of your own eyes and ears you won’t be able to deny it for long. That’s okay. Not even Leo gets it right every time.

VIRGO (Aug. 24 - Sept. 23):

Your sign is good at details and that skill will come in handy today as you check the small print of an upcoming deal. If the figures don’t add up ask for an explanation. If it’s not forthcoming you would be wise to give it a miss.

LIBRA (Sept. 24 - Oct. 23):

There is something important you want to say to a loved one but every time you try it seems as if your tongue gets tied in knots. Maybe you should take the hint and keep your thoughts to yourself. Maybe it doesn’t need to be said.

SCORPIO (Oct. 24 - Nov. 22):

The fact that you are having to work with someone you don’t much like is not a problem as you know how to push personal feelings aside to get the job done. Once it is done though put some distance between you. You won’t ever be friends.

SAGITTARIUS (Nov. 23 - Dec. 21):

You have a tendency to push yourself beyond your natural limits and if you do that now the results could have far-reaching consequences. Also, don’t promise anything you are not 100 per cent sure you can deliver. Even 99 per cent isn’t enough.


CAPRICORN (Dec. 22 - Jan. 20):

A few kind words from you could make all the difference to a friend or family member who is feeling a bit down. Do what you can to cheer them up and explain why a positive attitude in the face of adversity is an absolute must.

AQUARIUS (Jan. 21 - Feb. 19):

There is no point brooding on your problems. If anything that will make them look worse. Identify what is worrying you and resolve to do anything and everything in your power to put it right – and you have a lot more power than you realize.

PISCES (Feb. 20 - Mar. 20):

Money matters are under generally good stars at the moment but with mind planet Mercury going through its retrograde phase you must not take anything of a financial nature for granted. What looks like a certainty today could be a real loser tomorrow.

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