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Canada’s 2026 Tax Season: Three Key Updates Canadians Shouldn’t Miss
As the 2026 tax season approaches, Canadians can expect several important updates from the Canada Revenue Agency (CRA). Whether you're filing as an individual, self‑employed worker, or business owner, staying informed can help you avoid delays and maximize your benefits. Here are three essential things to know.
1. Filing Opens February 23, 2026
The CRA will begin accepting 2025 income tax and benefit returns online starting February 23, 2026. The agency has emphasized improvements in speed, security, and digital services to make filing more efficient and user‑friendly.
2. Significant Tax Changes Take Effect
The 2026 tax year introduces a wide range of updates, including:
- Lower federal tax rates for some brackets
- Higher contribution limits for savings programs
- New compliance rules and filing requirements
These changes are part of one of the most substantial tax overhauls in recent years, affecting individuals, families, and businesses nationwide.
3. New Deadlines and Requirements to Track
From RRSP contribution deadlines to corporate filing dates, the 2026 calendar includes several key milestones. Missing these deadlines can lead to penalties or interest charges, so it’s crucial to stay organized and plan ahead.
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