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Canada's Tax Cut 2026: What It Means for Your Wallet

  If you haven't noticed a slightly fatter paycheque in 2026 — you're not imagining it. Canada's middle-class tax cut is now fully in effect, and nearly 22 million Canadians are paying less federal income tax this year. The question is: how much are you actually saving, and what's the smartest thing to do with it? Here's your plain-English breakdown — no tax jargon, no fluff. What Changed — And When In July 2025, the federal government cut the lowest federal income tax rate from 15% to 14% . That rate applies to the first $58,523 of every Canadian's taxable income in 2026 — regardless of how much you earn overall. Because it kicked in mid-year, the effective 2025 rate was a blended 14.5%. In 2026, you get the full 1% reduction from January 1 . Bill C-4 (the Making Life More Affordable for Canadians Act ) received Royal Assent on March 12, 2026 — making this cut permanent law. 2026 Federal Tax Brackets at a Glance The CRA also applied a 2% indexation adjustment...

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Your daily horoscope: March 6, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The future is what you choose to make of it, so resolve to make the next 12 months a work of art that reflects the best of your nature. Approach life as if it is a game to be mastered and enjoyed. Play for fun but play to win.

ARIES (March 21 - April 20):

Keep moving at a steady pace and don’t be tempted to speed up just because others seem to expect it of you. There will be plenty of time to move up a gear and show what you can do when the sun enters your sign on the 20th.

TAURUS (April 21 - May 21):

Something you have been worrying about on and off for several weeks will resolve itself today, or at the very least fade in significance as more important matters take center stage. In the greater scheme of things it’s of only minor concern.

GEMINI (May 22 - June 21):

By all means make changes at home and at work between now and the weekend but don’t expect loved ones and colleagues to go along with them. Not everyone is as adventurous as you, so make allowances and be ready to go it alone.

CANCER (June 22 - July 23):

What occurs over the next 24 hours will encourage you to accept that what happened in the past has no bearing on the future. Stop clinging to the fantasy that you can turn back the clock and not move with the times. It doesn’t work that way.

LEO (July 24 - Aug. 23):

You may believe that an upcoming project can be made to work but you need to make sure you can fund it properly before making a start. It might be wise to wait until the sun moves in your favour later in the month before pushing ahead.

VIRGO (Aug. 24 - Sept. 23):

The outside world may be in a sorry state but you have no intention of letting it get to you. If you keep your mind focused on yourNo. 1 goal today then all the chaos and confusion could actually be made to work in your favour.

LIBRA (Sept. 24 - Oct. 23):

People are what they are and there is very little you can say or do to make them change their ways. But why would you want to do that when, by following your own path and not worrying about others, life will be both successful and fun.

SCORPIO (Oct. 24 - Nov. 22):

It’s good that you have something worthwhile to focus on but you still need to pace yourself sensibly, especially if what you are currently working on requires a large input of physical, mental and emotional energy. Even a Scorpio can experience burnout.

SAGITTARIUS (Nov. 23 - Dec. 21):

If you expect something dramatic to happen between now and the weekend you won’t be disappointed. Life has been a bit tame by your standards over the past few weeks but now you can look forward to a lengthy period of excitement.

CAPRICORN (Dec. 22 - Jan. 20):

You need to stop pretending that everything was wonderful in the past as compared to the present, because it isn’t true. Visualize what your perfect day looks like and set about making the moves that can bring that vision into existence – today.

AQUARIUS (Jan. 21 - Feb. 19):

If you find that partners and loved ones are disruptive for no good reason today just ignore them. Most likely they are making a fuss because they want to get noticed but if you refuse to play their game they will go off and annoy someone else.

PISCES (Feb. 20 - Mar. 20):

Are you aiming too high or too low? As the sun is moving through your sign at the moment you don’t need to be cautious, so raise your sights and aim for the stars. Even if you fall short you will still be way above everyone else.

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