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July 28, 2026
2026 Tax Season: Key CRA Changes to Know
By Randy Larson
A quick overview of the new deduction limits, RRSP room, and reporting rules for the upcoming tax season.
What's new this year
The CRA has introduced several updates that may affect your 2026 filing:
- RRSP contribution limit has increased to reflect the new indexed ceiling.
- Basic Personal Amount continues its gradual climb toward the full 2027 value.
- New reporting requirements for bare trusts remain a focus area.
What it means for you
If you're an employee, self-employed, or a cross-border filer, these changes can shift which deductions are worth claiming. Reviewing your situation before year-end keeps more options open.
We're here to help
Bring your questions to your consultation — we'll map the changes to your specific return and make sure nothing is missed.