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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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South Korean President Faces Treason Investigation and Impeachment Vote

 

In a dramatic turn of events, South Korean police have launched an investigation into President Yoon Suk Yeol on charges of treason. This follows his controversial declaration of martial law earlier this week, which was swiftly revoked after widespread backlash. The investigation, initiated by the National Office of Investigation, stems from complaints filed by the Rebuilding Korea Party and a group of 59 activists.

The declaration of martial law, which sought to consolidate power, ban political activity, and censor the media, was met with immediate outrage both domestically and internationally. President Yoon's actions have led to calls for his impeachment, with the main opposition Democratic Party planning to vote on the motion this Saturday.

The impeachment motion requires a two-thirds majority in the 300-seat parliament to pass, needing at least eight votes from the ruling People Power Party lawmakers. If successful, Prime Minister Han Duck-soo would assume the role of interim head of state while the Constitutional Court reviews the case, a process that could take up to 180 days.

The political turmoil has also seen the resignation of Defense Minister Kim Yong-hyun, who played a key role in the martial law declaration. Kim has been replaced by Choi Byung-hyuk, the South Korean ambassador to Saudi Arabia.

As the nation braces for the upcoming impeachment vote, the investigation into President Yoon's actions continues to unfold, marking a significant moment in South Korea's political landscape.

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