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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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Najib Razak Receives Additional 15-Year Sentence in Expanding 1MDB Scandal

Former prime minister Najib Razak was earlier today convicted of four counts of abuse of power and 21 counts of money laundering in the 1MDB case.

Malaysia’s former Prime Minister Najib Razak has been handed an additional 15-year prison sentence, marking one of the most significant rulings yet in the long-running 1MDB corruption saga. The decision deepens Najib’s legal troubles and underscores Malaysia’s continued push to hold high-ranking officials accountable for the multibillion-dollar financial scandal.

A Major Turning Point

The latest verdict stems from charges involving abuse of power and money laundering linked to billions of ringgit that were funneled into Najib’s personal accounts. The court emphasized the gravity of the offenses, noting the scale of the financial misconduct and Najib’s central role in the scheme.

Extended Jail Time and Heavy Penalties

The new sentence will be added to Najib’s existing prison term, significantly extending the time he is expected to remain behind bars. He also faces substantial financial penalties, reflecting the enormous losses tied to the 1MDB fund.

A Scandal With Global Reach

The 1MDB case has been described as one of the world’s largest financial frauds, involving luxury purchases, international money flows, and high-profile figures. Najib, who founded the fund during his tenure as prime minister, has repeatedly denied wrongdoing.

Political Ripples

The ruling is expected to influence Malaysia’s political landscape, where Najib still commands a loyal base. While many Malaysians view the decision as a long-awaited step toward justice, his supporters continue to argue that the charges are politically motivated.


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