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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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Trump 2.0: The Dawn of a New Era


As President-elect Donald Trump prepares to reenter the White House, the world watches with bated breath. The first day of his second term is expected to be a whirlwind of executive actions and policy shifts. Trump has promised to sign a series of executive orders aimed at reversing many of the policies implemented by the previous administration. Key areas of focus will likely include immigration, trade, and energy.

On the immigration front, Trump is expected to take swift action to increase border security and expedite deportations. Trade policies will also see significant changes, with new tariffs on imports from countries like China, Europe, and Canada. These measures are aimed at protecting American jobs and industries but could lead to increased tensions with international trading partners.

Energy policy is another area where Trump is likely to make immediate changes. He has indicated a desire to roll back regulations on fossil fuels and withdraw from international climate agreements. This move is expected to boost domestic energy production but may face opposition from environmental groups and international allies.

As Trump embarks on his second term, the impact of his policies will be closely monitored. Supporters are hopeful that his actions will lead to economic growth and increased national security, while critics remain wary of potential negative consequences. The world is watching, and the stakes are high.



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