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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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Cyprus to Construct Major Naval Base to Boost Geopolitical Influence in the Mediterranean

 

Cyprus’ defense minister, Vasilis Palmas, announced plans to build a significant naval base on the southern coast of the east Mediterranean island. The base aims to host large ships from European Union countries and other nations, facilitating various missions, including humanitarian aid deliveries to the tumultuous Middle East region. This move comes as Cyprus assumes an elevated geopolitical role, being the EU’s closest member to the Middle East.

The proposed naval base will be strategically positioned to support policies geared toward the region. Recent months have seen Cyprus serve as a staging ground for collecting and delivering humanitarian aid to war-ravaged Gaza. Additionally, the base will enhance cooperation with Greece, which is contributing technical expertise to the project. The construction will be guided by expert studies and will be located approximately 25 kilometers east of the coastal town of Limassol.

This expansion reflects Cyprus’ commitment to reshaping geopolitics in the Eastern Mediterranean, providing a vital hub for naval operations and reinforcing alliances with allied countries. As the project unfolds, it will undoubtedly impact regional dynamics and strengthen Cyprus’ position on the global stage.


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