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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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Tragedy at Sea: Migrant Boat Capsizes Near Canary Islands, Claiming Seven Lives

At least seven people—four women and three girls—lost their lives when a migrant boat capsized while arriving at a port in Spain’s Canary Islands on Wednesday. The vessel, carrying over 100 people, tipped over as rescuers attempted to remove minors upon its arrival at El Hierro island. 

Spain’s maritime rescue service reported that the movement of passengers caused the boat to overturn, throwing its occupants into the water. Emergency responders, including Spanish rescuers and Red Cross personnel, rushed to pull survivors from the sea. A rescue diver recovered one of the young victims. 

The Canary Islands have long been a perilous gateway for migrants seeking refuge in Europe. Thousands risk their lives on overcrowded and fragile boats, often departing from West African nations such as Mali, Senegal, and Morocco. Last year, nearly 47,000 migrants successfully reached the archipelago, surpassing previous records. 

This latest tragedy underscores the dangers of the Atlantic migration route, where unpredictable weather and treacherous waters continue to claim lives. Authorities and humanitarian organizations remain committed to providing aid and support to those undertaking these perilous journeys.

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