Budget 2026: From a new tax deadline to a revamped caregiver credit, six ways Ottawa’s plan could affect your wallet

The Globe and Mail · Erica Alini · 2026-11-05 21:03 UTC

Government wants to move filing deadline to May 15 and plans an increase to the grocery benefit

From a new tax deadline and a rethinking of registered retirement savings plans, or RRSPs, to free museum access for children, Prime Minister Mark Carney’s 2026 budget contains a slew of small changes meant to improve Canadians’ personal finances without weighing down the federal purse.

A government that has sought out suggestions on tax reform delivered no grand vision for an overhaul of the current system, but has proposed a bevy of tweaks intended to simplify tax filing for both households and businesses.

The most notable among them is moving the deadline for filing and paying taxes to May 15, including for self-employed individuals.

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