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Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
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Canadian economy shrank 1.1 per cent in Q3 on annualized basis

 


According to the latest data from Statistics Canada, the Canadian economy contracted at an annualized rate of 1.1% in the third quarter of 2023, which was below expectations. However, the real GDP most likely edged up 0.2% in October after a 0.1% gain in September.

The contraction in Q3 was mainly due to a decline in exports and a decrease in business investment. The country’s goods trade surplus with the world contracted by roughly $8.7 billion in Q3 to hit $1.7 billion.

Despite the contraction in Q3, the Canadian economy is showing signs of growth in October. The real GDP is expected to have increased by 0.2% in October after a 0.1% gain in September.

Based on the above information, I suggest the following title for your article: “Canadian economy contracts in Q3, but shows signs of growth in October”.


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