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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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Holiday Ginger Cookies Recipe

 

Ingredients:

- 2 1/4 cups all-purpose flour

- 2 tsp ground ginger

- 1 tsp baking soda

- 1 tsp ground cinnamon

- 1/2 tsp ground cloves

- 1/4 tsp salt

- 3/4 cup unsalted butter, softened

- 1 cup granulated sugar

- 1 large egg

- 1 tbsp water

- 1/4 cup molasses

- 1/4 cup additional granulated sugar for rolling


Instructions:


1. Preheat Oven: Preheat your oven to 350°F (175°C). Line baking sheets with parchment paper.

2. Combine Dry Ingredients: In a medium bowl, whisk together the flour, ginger, baking soda, cinnamon, cloves, and salt.

3. Cream Butter and Sugar: In a large bowl, using an electric mixer, beat the butter and 1 cup of sugar until light and fluffy. Add the egg, water, and molasses, and beat until well combined.

4. Mix Ingredients: Gradually add the dry ingredients to the wet ingredients, mixing until just combined.

5. Form Dough Balls: Roll the dough into small balls, about 1 inch in diameter. Roll each ball in the additional granulated sugar to coat.

6. Bake: Place the dough balls on the prepared baking sheets, about 2 inches apart. Flatten each ball slightly with the bottom of a glass. Bake for 8-10 minutes, or until the edges are set and the tops are crackled.

7. Cool:  Allow the cookies to cool on the baking sheet for 5 minutes before transferring them to a wire rack to cool completely.

8. Enjoy: These ginger cookies are perfect for sharing with family and friends, or just for enjoying with a cozy cup of tea or coffee. 



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