Canada’s federal income tax brackets are changing in 2026

• Canada is set to change its federal income tax brackets in 2026, which may result in lower income tax payments for some taxpayers due to a reduction in the lowest income bracket. This adjustment aims to alleviate the tax burden on lower-income individuals and families.
• The proposed changes are significant as they could enhance disposable income for many Canadians, potentially stimulating consumer spending and contributing to economic growth. This move reflects the government's ongoing efforts to address income inequality and support financial stability for its citizens.

— via World Pulse Now AI Editorial System