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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...
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Your 2026 Tax Experience Is About to Change: What to Expect



Canada’s tax landscape is shifting in 2026, and the changes will be felt in three places you interact with most: online, at home, and directly on your paycheque. While none of these updates are dramatic on their own, together they signal a broader push toward modernization, transparency, and digital-first service.

A More Streamlined Online Filing Experience

The federal government is continuing its multi‑year effort to simplify online tax filing. Expect a more intuitive CRA portal, clearer prompts, and better integration with third‑party tax software. The goal is to reduce errors and make filing feel less like a chore and more like a guided process.

Home-Based Deductions Get a Tune‑Up

If you work from home—even part‑time—you’ll notice adjustments to the way home‑office deductions are calculated. The temporary flat‑rate method introduced during the pandemic is gone, replaced by a more structured approach that requires documentation but offers more precise deductions for those with significant at‑home expenses.

Your Paycheque Will Tell You More

Perhaps the most visible change is on your paystub. Employers will be required to provide clearer breakdowns of tax withholdings, credits applied at source, and contributions to federal programs. The intention is to help Canadians understand their tax position throughout the year rather than waiting for surprises at filing time.

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