Canadian Tax Changes for the 2026 Tax Season: What Individuals and Businesses Need to Know The 2026 Canadian tax season brings a new set of adjustments designed to address inflation, enhance retirement savings, modernize compliance rules, and support affordability initiatives for families. Whether you are an individual taxpayer, a self-employed professional, or a small business owner, understanding these updates can help you file confidently and optimize your tax position this year. Filing Deadlines for 2026 · Personal income tax filing deadline: April 30, 2026 · Self-employed filing deadline: June 15, 2026 · Payment deadline (all taxpayers): April 30, 2026 Regardless of your filing status, all taxes owed must be paid by April 30 to avoid interest. Higher Basic Personal Amount (BPA) The Basic Personal Amount continues its annual inflation-indexed increase. · The federal BPA for 2026 is projected to rise to approximately $17,200 ...
Comments