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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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Tragedy in Gaza: Airstrike Claims Lives of 29 Civilians

An Israeli airstrike on a residential building in Gaza City's Shejaia neighborhood has resulted in the deaths of at least 29 Palestinians, including children. The attack targeted a multi-story building, leaving dozens injured and many still trapped under the rubble. The Israeli military stated that the strike aimed at a senior Hamas militant responsible for planning attacks, emphasizing efforts to minimize civilian harm. However, the devastation has sparked widespread condemnation, with local health authorities describing the incident as a "horrific massacre". This tragedy adds to the escalating toll of the ongoing conflict, which has displaced hundreds of thousands and claimed thousands of lives.

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