Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

The Ripple Effect of Trump's Tariff Strategy on Global Trade

The global trade landscape has been shaken by President Trump's aggressive tariff policies. His decision to impose steep tariffs on Chinese imports has led to heightened tensions between the world's two largest economies. While the move aims to protect American industries and push for better trade deals, it has triggered significant market volatility. The S&P 500 has seen sharp declines, and Asian markets have followed suit.

China has responded with countermeasures, including restricting imports of American goods, further straining relations. Meanwhile, other nations are scrambling to adapt, with some initiating trade talks to mitigate the impact. The uncertainty surrounding these policies has left investors and global leaders questioning the long-term consequences for international trade and economic stability.

Trump's gamble reflects his belief in reshaping the global trade order, but whether this strategy will yield the desired results remains to be seen.

Labels:

Comments

Post a Comment