03/04/2026
2026 Tax Updates You Should Know Before Filing!
As tax season gets underway, there are some key changes and reminders for Canadians and business owners this year:
Federal Tax Rate Change
The lowest federal tax rate has now been fully reduced to 14% for 2026, meaning many taxpayers will keep more of their income compared with prior years. 
Income Tax Bracket Indexing
Tax brackets and credit thresholds have been indexed upward for inflation, helping reduce bracket creep and benefit more take‑home pay. 
Paper Filing Changes
The CRA will no longer automatically mail paper packages to individuals. If you still file on paper, be sure to download forms online or request them early. 
Business Tax Reminders
Businesses should update email information in CRA accounts so they don’t miss important notices, and ensure online registration and reporting (like T4A slips) meet new deadlines. 
These changes may affect your refund, tax planning, and filing strategy, so don’t hesitate to reach out if you have questions or need tailored guidance!