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Budget 2026 Lands Nov. 5: What to Do (and Not Do) With Your RRSP and TFSA First

  CANADIAN MONEY BRIEF  |  FEATURE  |  OCT. 23, 2026 The federal budget is 13 days away, tax-reform calls are getting louder, and “act now” headlines are about to pile up. Here’s what is actually confirmed, what is just lobbying, and what to leave alone. Finance Minister François-Philippe Champagne told the House of Commons on Oct. 20 that Budget 2026 will be tabled on Nov. 5 . It is the second budget since the Liberals moved the fiscal plan to the fall, and it lands two days after the U.S. midterm elections. Between now and then, expect a flood of speculation about RRSPs, TFSAs and capital gains. Before you move a dollar, it helps to separate three things: what’s confirmed, what’s being asked for, and what the rules say today. Key dates on your calendar Oct. 28 Bank of Canada rate decision (9:45 a.m. ET) Oct. 29 Ontario fall economic statement Nov. 3 U.S. midterm elections Nov. 5 Federal Budget 2026 Dec. 9 Final Bank of Canada decision of 2026 Mar. 1, 2027 RRSP...
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Elon Musk Departs Trump Administration After Five-Month Tenure

Elon Musk has officially stepped down from his role in the Trump administration, marking the end of a five-month tenure as a special government employee. Musk, who led the Department of Government Efficiency (DOGE), was tasked with reducing federal spending but faced significant challenges in achieving his ambitious goals.

His departure comes just a day after he publicly criticized a Republican-backed bill that includes tax cuts and spending reductions, calling it a "massive spending bill" that undermines his efforts. Musk expressed frustration with the federal bureaucracy, stating that the situation was "much worse than I realized".

Despite his exit, Musk remains optimistic about the future of DOGE, stating that its mission "will only strengthen over time as it becomes a way of life throughout the government". As he shifts his focus back to his businesses, including Tesla and SpaceX, his brief but eventful stint in Washington leaves behind a legacy of attempted government reform and political controversy.

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