In 2026, minor changes to individual taxes will include a one-percentage-point reduction in the lowest marginal tax rate from 15% to 14%, and a new refundable tax credit for personal support workers worth up to $1,100. The lifetime capital gains exemption will increase to $1.25 million for eligible small business shares, while maximum CPP contributions will rise to $74,600. Overall, the upcoming tax changes are viewed as lacking significant impact, described as a “snoozefest” by accountant Daniel Rogozynski.
