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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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Your daily horoscope: June 19, 2024

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

If you go out of your way to live by the highest of principles this year the universe will reward you in ways you can hardly dream of. Your No. 1 priority must be to put other people’s needs first, because what they gain you will gain as well.

ARIES (March 21 - April 20):

You may not be the sensitive type but you have feelings like everyone else and some of those feelings are going to come to the surface over the next few days. What you need to remember is that other people have feelings too, so watch what you say.

TAURUS (April 21 - May 21):

What friends and colleagues say and what they actually mean are likely to be two completely different things. When anyone makes a proposal to you it would be wise to get it in writing so if it goes wrong you have the proof of who is to blame.

GEMINI (May 22 - June 21):

The way your mind is working at the moment you will come up with all sorts of wonderful ideas as to how you can improve your prospects. Don’t get carried away though. Those ideas may be super smart but some of them could be a bit too risky.

CANCER (June 22 - July 23):

A new solar year is about to dawn and it will dawn brighter if you bring to a close any outstanding matters that might hold you back from giving your all over the next few weeks. If you double your efforts today then tomorrow will be truly amazing.

LEO (July 24 - Aug. 23):

Don’t let other people’s comments and criticisms get under your skin. It may seem to the world at large that you don’t have a care in the world but your feelings can quite easily be hurt, so keep telling yourself you are and always will be the best.

VIRGO (Aug. 24 - Sept. 23):

It’s time to put your worries and woes behind you and get out into the world and have some fun. The sun’s imminent change of signs will do wonders for friendships and for your social life generally, so interact with people on every possible level.

LIBRA (Sept. 24 - Oct. 23):

If you have plans to move up on the work front then now is the time to get serious about them, because increased activity in the career area of your chart is going to bring all sorts of great opportunities. Make your talents work for you.

SCORPIO (Oct. 24 - Nov. 22):

The restrictions that have been holding you back in recent weeks are about to fall away and in a matter of days you will be free to come and go as you please. Wherever it is you choose to wander make sure you take those you love with you.

SAGITTARIUS (Nov. 23 - Dec. 21):

The most important thing now is that you stick to the facts, especially when discussing financial and business matters. There will be a great deal at stake over the next few weeks and a lot of money will be riding on the decisions you make.

CAPRICORN (Dec. 22 - Jan. 20):

By all means get out and about and lose yourself in the social whirl. With the sun about to join Venus and Mercury in the partnership area of your chart you won’t be short of fun people to interact with. It’s good to let your hair down.

AQUARIUS (Jan. 21 - Feb. 19):

Your latest idea may be potentially profitable but is it practical? That is the question you need to answer today and if there is any doubt at all you must hold off for a while. What occurs when the moon is full on the 22nd could change the outlook completely.

PISCES (Feb. 20 - Mar. 20):

Over the next few days your spirit will soar and you will rediscover the joy of living that has been in such short supply in recent weeks. Creatively and romantically everything will start coming together when the Sun moves in your favour tomorrow.

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