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Bank of Canada Holds the Line as Global Turmoil Clouds Outlook

  Bank of Canada Governor Tiff Macklem takes part in a press conference in Ottawa on September 17, 2025 The Bank of Canada has opted to keep its key interest rate steady at 2.25%, a decision that reflects the delicate balancing act policymakers face as global uncertainty intensifies. With inflationary pressures rising and economic growth showing signs of strain, the central bank is navigating a narrow path shaped by forces largely outside its control. A major driver of the current tension is the surge in oil prices triggered by ongoing geopolitical conflict. Higher energy costs are feeding into broader inflation, raising concerns that price pressures could become more persistent. At the same time, elevated borrowing costs and weakening consumer confidence are weighing on domestic economic momentum. By holding the rate, the Bank of Canada signals caution: it aims to avoid stifling growth while still keeping inflation expectations anchored. The central bank emphasized that it rema...
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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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