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How Canadian Savers Can Protect Their Money in 2026

As 2026 unfolds, Canadian savers are navigating a financial landscape shaped by falling interest rates, persistent living‑cost pressures, and evolving tax‑advantaged opportunities. Experts say this is the year to be intentional, strategic, and proactive with your money. Reevaluate Your Savings Accounts Interest rates have been trending downward, and many high‑interest savings accounts have quietly reduced their payouts. GIC rates remain more stable, but they too are expected to soften as rate cuts continue. What to do now: Check the current rate on every savings account you hold Compare alternatives and switch if your rate has dropped significantly Consider laddering GICs to lock in competitive yields while they’re still available Make the Most of Your TFSA The Tax‑Free Savings Account remains one of the most powerful tools for Canadians. With annual contribution room increasing over time, it’s an ideal place to shelter both short‑term savings and long‑term investments. Why...
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Tax Season in Canada: A Comprehensive Guide to Filing Your Taxes

 


The tax season in Canada typically begins in late February and ends on April 30th for most individuals. The deadline for filing taxes is April 30th, and the balance due deadline for individuals and those who are self-employed is also April 30th. Self-employed individuals have until June 15th to file their taxes, but they must pay any outstanding balances by April 30th.

To make the tax-filing process stress-free, it’s important to keep track of the important dates and documents needed. For instance, the Registered Retirement Savings Plan (RRSP) contribution deadline is March 1st. You can file your taxes online using certified tax software, which is easy and secure. You can also sign up for direct deposit to get your notice of assessment and refund faster.

If you’re filing your taxes for the first time or haven’t filed in a while, there are different ways to file your income tax and benefit return. You can check out the step-by-step guide to help you fill out your return.


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