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Your 2026 Tax Experience Is About to Change: What to Expect

Canada’s tax landscape is shifting in 2026, and the changes will be felt in three places you interact with most: online, at home, and directly on your paycheque. While none of these updates are dramatic on their own, together they signal a broader push toward modernization, transparency, and digital-first service. A More Streamlined Online Filing Experience The federal government is continuing its multi‑year effort to simplify online tax filing. Expect a more intuitive CRA portal, clearer prompts, and better integration with third‑party tax software. The goal is to reduce errors and make filing feel less like a chore and more like a guided process. Home-Based Deductions Get a Tune‑Up If you work from home—even part‑time—you’ll notice adjustments to the way home‑office deductions are calculated. The temporary flat‑rate method introduced during the pandemic is gone, replaced by a more structured approach that requires documentation but offers more precise deductions for those with s...
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Wall Street Ends Tumultuous Week on a High Note

 

Wall Street wrapped up a volatile week with a positive finish, as major U.S. stock indexes rebounded on Friday. The Dow Jones Industrial Average climbed 1.6%, the S&P 500 rose 1.8%, and the tech-heavy Nasdaq Composite gained 2.1%. 

This recovery followed a week of dramatic swings, largely driven by escalating trade tensions between the United States and China. President Trump's tariff policies created uncertainty in the markets, with reciprocal tariffs reaching as high as 145% on Chinese imports. Despite the turbulence, optimism emerged after the White House hinted at potential progress in trade negotiations.

Investors remain cautious, as the broader market is still down year-to-date. However, Friday's gains provided a much-needed boost to close out a rollercoaster week on a hopeful note.

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