Browsing: Economy News

The 2026 federal tax brackets start at 14 per cent on the first $58,523 and top out at 33 per cent above $258,482. Here are the CRA’s federal and provincial brackets for every province and territory, the 2026 basic personal amount and what we know about 2027.

EI regular benefits pay 55 per cent of your average insurable weekly earnings in 2026, to a maximum of $729 a week. Here is how the amount is calculated, the hours you need in your region, the waived waiting period, how to apply on canada.ca and when the first payment arrives.

The Bank of Canada announces its next rate decision at 9:45 a.m. ET on Oct. 28 with a new Monetary Policy Report. The policy rate is 2.25 per cent, several big banks now expect a quarter-point hike, and our table shows what that would mean for variable mortgages at $300,000, $500,000 and $750,000.

The GST/HST credit is now the Canada Groceries and Essentials Benefit. The next payments are Jan. 5 and April 5, 2027, with maximums of $679 for singles, $890 for couples and $234 per child.

The Canada Workers Benefit pays up to $1,665 for single workers and $2,869 for families for 2026, plus an $860 disability supplement. Income limits, ACWB advance dates, how to claim it and worked examples from CRA figures.

BMO, Scotiabank, Desjardins and RBC Dominion Securities now expect a quarter-point hike to 2.5 per cent on Oct. 28, while TD, RBC Economics and others still see a hold.

Provincial inflation rates for September 2026, from Ontario at 2.5 per cent to P.E.I. at 5.7, with Statistics Canada sources and index levels.

Statistics Canada says Canadian-resident return trips from the United States rose 6.8 per cent in September, the sixth straight monthly gain, but car trips remain 31.1 per cent below 2024.

Provincial unemployment rates from Statistics Canada’s Labour Force Survey for September 2026, from 5.0 per cent in Manitoba to 9.1 per cent in Newfoundland and Labrador.

Canada’s annual inflation rate rose to 3.1 per cent in September from 3.0 per cent in August as gasoline prices climbed 27.8 per cent, Statistics Canada said.