Spring Economic Statement: April 28, 2026

April 15, 2026: Ottawa, Ontario - Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that he will table the Spring Economic Update 2026 on Tuesday, April 28, 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to build the strongest economy in the G7, and outline additional actions taken to drive prosperity, play to Canada’s strengths, and support Canadians where and when they need it most.

There’s the old way of doing retirement income planning: how to spend every last dime before you die. (Not very precise, given that we can’t usually pinpoint the day.)  Good thing there’s the new way:  retirement income averaging and layering.

Highly qualified tax advisors are in high demand, not only by their clients but by financial advisors who seek their services and advice.

Knowledge Bureau is taking a short summertime break and would like to remind you that there will be no issue of KBR on July 27 and August 3. Next issue of Knowledge Bureau Report will be published on August 10. Knowledge Bureau would also like to remind you of some key dates to mark in your calendar.

"If you accept the expectations of others, especially negative ones, then you never will change the outcome." Michael Jordan

Manitoba has agreed to sign on for federal Canada Pension Plan reforms and that gives the required 2/3 approval by the provinces required for the federal plan to move forward.  Manitoba wanted emphasis on three key issues, discussed below, but the real issue to follow is this:  will this be enough to help middle class Canadians fund their retirements?

OAS rates are indexed quarterly based on changes to the Consumer Price Index.  Seniors, who have not seen a raise since January 1, will receive an additional $2.85 per month starting in July.  The Guaranteed Income Supplement (GIS) also increased by the same percentage.