Big Tax Changes Are Coming to Canada in 2026 | Here’s What You Need to Know
Автор: Money Chronicles With Awa Podcast
Загружено: 2025-12-29
Просмотров: 460
Описание:
Big tax changes are coming to Canada in 2026, and many people don’t realize how much they could affect their paycheque, savings, and retirement plans.
In this video, I break down Canada’s 2026 tax updates in simple, plain English. We’ll talk about how the progressive tax system works, what’s changing with federal tax brackets, and why inflation adjustments matter more than ever. I’ll also explain key accounts like the TFSA and RRSP, including who is eligible to contribute — especially for newcomers and immigrants to Canada.
We’ll also dive into CPP and EI, two deductions that affect almost every working Canadian. You’ll learn how much you’re really paying, what benefits you can expect later, and why these deductions keep increasing over time. I’ll use real numbers and real examples so you can actually understand where your money is going.
This video is for Canadians who want to:
Understand upcoming 2026 tax changes
Keep more of their money legally
Plan better for retirement
Avoid common TFSA and RRSP mistakes
Feel less confused about CPP, EI, and payroll deductions
If taxes feel overwhelming or frustrating, this video will help you feel more informed and more in control.
⚠️ Disclaimer
This video is for educational purposes only and does not constitute financial advice. Please consult a licensed financial advisor or tax expert before making financial decisions. I am a licensed life insurance advisor in Canada, and the views expressed here are my own.
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#taxes #canadatax #canadalife
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