{
  "id": 18563527,
  "title": "These are all the key tax changes and credits impacting you from the budget",
  "url": "https://urgent.news/2026/11/06/these-are-all-the-key-tax-changes-and-credits-impacting-you-from-the",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T20:50:24.000Z",
  "source": {
    "name": "Global News",
    "slug": "global-news",
    "url": "https://globalnews.ca/news/12140100/budget-2026-tax-changes/"
  },
  "original_language": "en",
  "account": "Budget 2026 includes a variety of tax changes and credits aimed at simplifying the Canadian tax system and reducing the \"time tax\" Canadians pay annually. Some key changes include:\n\n- Consolidating tax filing deadlines for both individuals and self-employed workers to a single May 15 deadline, allowing for a two-week extension.\n- Extending the timeframe for Canadians to file a notice of objection with the CRA from 90 days to one year, simplifying the process and reducing the need for extensions.\n- Allowing Canadians to claim preset tax deduction amounts for certain expenses without providing receipts, reducing the burden of compliance.\n- Offering preset deductions for specific expenses, such as job relocation costs, work travel expenses, Home Accessibility Tax Credit, and medical expense tax credits for service dog care.\n- Increasing individual tax payment thresholds for those who pay in quarterly instalments, potentially reducing the number of payments per year and improving cash flow for businesses and individuals.\n- Offering seniors a streamlined tax system, as income from Old Age Security, Canada Pension Plan, and Registered Retirement Income Fund is not subject to tax withholding.",
  "summary": "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.",
  "key_points": [
    "Consolidated tax filing deadlines to May 15 with two-week extension.",
    "Extended objection filing period from 90 days to one year.",
    "Preset tax deductions for expenses without receipts required."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}