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CPI Monday: What Hot or Cool Inflation Means for Dec. 9 and Your Mortgage

  Canadian Money Brief • Friday, November 13, 2026 Statistics Canada releases the October Consumer Price Index on Monday, Nov. 16, at 8:30 a.m. ET . It is the last big inflation reading before the Bank of Canada decides on Dec. 9 whether to follow October's hike to 2.50% with a second one. If you have a variable-rate mortgage, a HELOC or a renewal coming up, this one number can move your costs before the central bank even meets. Here is what is expected, what the Bank of Canada will actually be looking at, and what a hot, in-line or cool print could mean for your wallet. The short version Headline inflation is expected to tick higher on energy. The number that matters more for Dec. 9 is core inflation. If core bounces, hike odds rise and fixed mortgage rates tend to follow bond yields up. If core stays calm, the odds of a second hike should fade. Where things stand heading into Monday Item Latest September CPI (Statistics Canada) 3.1% year over year, up from 3.0% in August and sli...
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Navigating Personal Finance in 2025: Key Changes to Capital Gains and Tax Brackets


As we step into 2025, several significant changes are set to impact personal finance, particularly in the areas of capital gains and tax brackets. These adjustments are designed to adapt to economic conditions and provide better financial planning opportunities for individuals.

Capital Gains Tax Adjustments

One of the most notable changes is the adjustment to capital gains tax. Starting in 2025, a higher tax rate will be applied to capital gains exceeding $250,000. This means that individuals selling assets with substantial gains may need to reconsider their timing and strategy to minimize tax liabilities. For example, spreading the sale of assets over multiple years could be a more tax-efficient approach.

Changes to Tax Brackets

Inflation adjustments are also on the horizon for tax brackets. To prevent inflation from pushing taxpayers into higher brackets, the income thresholds for each tax bracket will increase by 2.7%. For instance, the federal tax rate for earnings up to $57,375 will remain at 15%, but the brackets above this will see slight adjustments. This change aims to ensure that taxpayers are not unfairly penalized by inflation.

Basic Personal Amount

The basic personal amount, which is the portion of income not subject to federal tax, will also see an increase. For 2025, this amount ranges from $14,538 to $16,129, depending on overall income. This adjustment provides some relief, especially for those with lower incomes.

Canada Pension Plan (CPP) Contributions

For Canadian workers, there will be an increase in CPP contributions. This is part of a multi-year pension revamp aimed at enhancing benefits for retirees. The earnings ceilings for CPP contributions will also rise, with the first-tier ceiling increasing to $71,300 and the second-tier ceiling to $81,200.

These changes underscore the importance of staying informed and possibly consulting with a financial advisor to navigate the evolving financial landscape. By understanding and planning for these adjustments, individuals can better manage their finances and make informed decisions.




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