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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...
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Israel Strikes Hezbollah Targets Deep Inside Lebanon: Escalating Tensions and Aerial Confrontations

In a significant escalation of hostilities, the Israeli Air Force carried out rare strikes on targets deep inside Lebanon. These strikes, which occurred on Monday, have raised concerns and revived tensions in the region. Here are the key details:

  1. The Strikes: Israeli warplanes targeted locations associated with the militant Hezbollah group within Lebanese territory. The strikes were notably deep into Lebanon, near the northeastern city of Baalbek. Residents reported explosions, and at least two people lost their lives in the attacks.

  2. Hezbollah’s Response: The Israeli strikes came shortly after Hezbollah claimed to have shot down an Israeli drone using its air defense system. This incident further heightened the already tense situation along the Lebanon-Israel border.

  3. Context: These strikes mark some of the deepest Israeli military actions within Lebanon since the onset of the Israel-Hamas war more than four months ago. The conflict has been ongoing, and the recent events underscore the volatility of the region.

  4. Cease-Fire Talks: Interestingly, these strikes occurred just a day after Israel’s Defense Minister, Yoav Gallant, vowed to intensify attacks on Hezbollah, even if a cease-fire is reached with Hamas in the Gaza Strip.

As the situation unfolds, the international community closely monitors developments in the Middle East. The delicate balance between regional powers remains precarious, and any further escalation could have far-reaching consequences.


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