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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 s...
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Stock Market Today: Indexes Slip As Traders Await Nvidia Earnings

 


US stocks slid lower on Wednesday as traders looked ahead to Nvidia’s highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. Here are the key points:

  1. Market Performance:
    • All three benchmark indexes traded lower.
    • Bond yields ticked higher, with the 10-year Treasury yield rising three basis points to 4.451%.
  1. Nvidia Earnings:
    • Investors eagerly awaited Nvidia’s earnings report.
    • The company reported adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, representing a significant jump of 461% and 261%, respectively, from a year ago.
    • Analysts had expected adjusted EPS of $5.65 on revenue of $24.69 billion.
    • Nvidia also announced plans for a ten-for-one stock split, set to take effect on June 7.
  1. Federal Reserve Minutes:
    • Markets reacted to the minutes from the Federal Reserve’s May meeting.
    • The minutes revealed that “various” Fed officials mentioned a “willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.”

In summary, the stock market faced two significant tests today: Nvidia’s pivotal earnings report and the Fed’s cautious stance on inflation risks. Investors closely monitored these developments, leading to a slight decline in major indexes.


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