Canada Tax Changes for 2026: What You MUST Know Before the New Year

Video Description

As we head into 2026, I break down the most important tax changes Canadians need to know so you can plan ahead with confidence. I walk through RRSP and TFSA contribution limits, federal tax brackets, the basic personal amount, key deadlines, CPP and EI changes, and the latest updates on capital gains rules. My goal is to explain everything clearly so you know exactly how these updates may affect your finances next year. I also share resources you can use if you want to start investing or dive deeper into tax planning. 📌 RESOURCES I MENTIONED https://www.investmentexecutive.com/uncategorized/essential-tax-numbers-updated-for-2026/ https://financialpost.com/personal-finance/cra-released-2026-tax-numbers 📈 WEALTH BUILDING BLUEPRINT FOR CANADIANS COURSE Learn more about my investing course https://jessicamoorhouse.com/course 💻 BUDGET SPREADSHEETS Download one of my budget spreadsheets to get your financial life together https://jessicamoorhouse.com/shop 📖 CHAPTERS 00:00 - The tax changes Canadians need to know for 2026 00:35 - New RRSP contribution limits for 2026 and 2027 01:37 - How RRSP contribution room is calculated 01:55 - New TFSA limit and how TFSA room accumulates 02:19 - Why uninvested RRSP and TFSA cash is a problem 02:49 - Learning to invest with low-cost index ETFs 03:25 - 2026 federal tax bracket changes 03:52 - 2026 basic personal amount changes 04:49 - Examples calculating taxes using the BPA 05:55 - Important 2026 tax deadlines 06:53 - 2026 CPP contribution changes 07:46 - Additional CPP contributions (YAMPE) explained 08:17 - Maximum CPP amounts and benefit enhancements 09:02 - 2026 EI contribution changes 09:54 - Capital gains tax changes that were cancelled 10:41 - Additional resources and who is affected by other changes 10:57 - Final thoughts and thanks 📺 WATCH NEXT 5 High-Interest Savings Accounts in Canada (And the Ones to Avoid) https://youtu.be/0JrNMAU6Gdw?si=2Zdh_5krInPAv0ao 📚BUY A COPY OF MY BOOK "EVERYTHING BUT MONEY" https://jessicamoorhouse.com/book 🔗 AFFILIATE LINKS Borrowell https://jessicamoorhouse.com/borrowell-aff Wealthsimple Trade https://jessicamoorhouse.com/wealthsimpletrade-aff Questrade https://jessicamoorhouse.com/questrade-aff 1Password https://jessicamoorhouse.com/1password-aff Willful https://jessicamoorhouse.com/willful-aff Ownr https://jessicamoorhouse.com/ownr-aff Rakuten https://jessicamoorhouse.com/rakuten-aff MORE ABOUT ME 🙋‍♀️ ABOUT ME https://jessicamoorhouse.com/about 📚 BOOK https://jessicamoorhouse.com/book 🎙 PODCAST https://jessicamoorhouse.com/podcast ✉️ NEWSLETTER https://jessicamoorhouse.com/subscribe 📸 INSTAGRAM https://www.instagram.com/jessicaimoorhouse DISCLAIMER & DISCLOSURE The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/