Skip to main content

Featured

Five Key Tax Changes Coming in 2026: What Canadians Need to Know

  As 2026 approaches, Canadians can expect several important updates to the federal tax system. These changes affect retirement planning, income tax brackets, and a range of credits that influence how much individuals and families will owe—or save—when filing their returns. Here’s a quick look at five of the most notable adjustments. 1. Higher RRSP Contribution Limits Canadians will be able to contribute more to their Registered Retirement Savings Plans (RRSPs) in 2026, thanks to inflation indexing. The increased limit gives savers more room to reduce taxable income while building long‑term retirement security. 2. Updated Federal Tax Brackets Income tax brackets will shift upward to reflect inflation. This means more of your income will be taxed at lower rates, helping offset rising living costs and preventing “bracket creep,” where inflation pushes taxpayers into higher tax brackets without real income gains. 3. Increased Basic Personal Amount (BPA) The Basic Personal Amoun...
Post a Comment
Read more

article

Labels

Russian Strikes Intensify Ahead of Zelenskiy–Trump Meeting

People shelter at a metro station during a Russian drone and missile attack on Ukraine, in Kyiv.

Russia unleashed a large wave of drones and missiles across Ukraine on Saturday, striking Kyiv and several regions only hours before President Volodymyr Zelenskiy is set to meet U.S. President Donald Trump in Florida. The overnight barrage triggered air‑raid alerts nationwide, damaged infrastructure, and caused temporary power outages in parts of the capital.

Ukrainian officials reported that the attack involved hundreds of drones and dozens of missiles, marking one of the most intense assaults in recent months. At least one person was killed and multiple others were injured as emergency crews worked through the night to contain fires and restore essential services.

The timing of the strikes adds pressure to the upcoming Zelenskiy–Trump talks, where discussions are expected to focus on potential steps toward ending the war and addressing Ukraine’s security needs. The escalation underscores how volatile the situation remains as diplomatic efforts continue.


Labels:

Comments

Post a Comment