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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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Trudeau and Trump Meet in Florida Amid Tariff Tensions


In a high-stakes diplomatic encounter, Canadian Prime Minister Justin Trudeau met with U.S. President-elect Donald Trump at Mar-a-Lago in Florida on Friday evening. The dinner meeting came just days after Trump announced his intention to impose sweeping tariffs on Canadian and Mexican products, a move that has sparked significant concern on both sides of the border.

Trump has pledged to implement a 25% tariff on all goods entering the United States from Canada and Mexico as one of his first executive orders. This decision, he claims, is aimed at curbing the flow of drugs and illegal migrants across the borders. Trudeau, in response, has warned that such tariffs would not only harm Canadian businesses but also raise prices for American consumers and disrupt the North American trade pact.

The dinner, which included key figures from both administrations, was described as a "positive wide-ranging" discussion that lasted three hours. Topics covered included trade, border security, and the ongoing issues related to fentanyl and migration. Despite the tension, both leaders expressed a willingness to work together to address these challenges.



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