These are all the key tax changes and credits impacting you from the budget
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Budget 2026 introduces a wide range of updates to tax credits and thresholds. These changes are designed to reduce the amount of time Canadians spend filing their annual returns. The government describes this effort as a way to lower the time tax paid by citizens.
Budget 2026 includes a large swath of tax changes, threshold and credit updates aimed at reducing the 'time tax' Canadians pay every year to file their returns.