Scope: Canada
Status requires verification
Minister Metlege Diab highlights Canada Child Benefit payments increasing in 2026–2027
The Canada Child Benefit (CCB) payments will increase starting July 2026. For children under age 6, payment rises up to $8,157 (up $160), and for ages 6-17 up to $6,883 (up $135) compared to previous benefit year. This provides tax-free monthly support to ~3.6 million families, helping with rising costs of living.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada – British Columbia
Status requires verification
Payroll Deductions Tables changes for British Columbia personal income tax rate and basic reduction, effective July 1, 2026
In BC, the lowest personal income tax rate increases from 5.06 % to 5.60 %. Since the lower rate was used for the first six months of 2026, a prorated rate of 6.14 % applies for the remaining six months starting July 1. The BC tax reduction “basic reduction” amount increases from $562 to $690; the prorated amount for the last half of the year is $805. Also, other tax brackets and rates are adjusted accordingly. Employers should use the updated payroll deduction tables T4032-BC for withholding effective from the first payroll in July 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
T4032 Payroll Deductions Tables guides (T4032) effective July 1, 2026, are now available
The CRA updated its Payroll Deductions Tables (Guide T4032) effective July 1, 2026. These reflect the lowering of the lowest federal tax rate to 14% and updates to provincial brackets. Employers must use the new tables for correct payroll withholding rates; paper/CD versions are discontinued, replaced by digital versions. The new guide captures income tax changes including a lowest federal rate drop and provincial rates adjustments. Implications include increased take-home pay for many employees, changes in employer withholding obligations, and compliance implications for payroll systems.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Interest rates for the third calendar quarter (July 1-September 30, 2026)
The CRA announced prescribed interest rates for Q3 2026: 7% interest on overdue taxes and remittances; overpayment rates of 3% for corporate taxpayers and 5% for non-corporate taxpayers; 3% rate for taxable benefits from low-interest/free loans; and 6.30% for corporate loans or indebtedness. These rates affect both corporate and individual cash flows, refunds, and tax planning.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
CRA Travel Directive Appendix C – Meal Allowances Outside Canada and USA updated
Canada Revenue Agency updated Appendix C of its Travel Directive effective July 1, 2026. This update sets the new meal allowance rates for travellers outside Canada and the Continental U.S., defines incidental allowances, and clarifies that actual expenses may be claimed when no official rate exists or rates are invalidated by inflation or currency shifts. ([canada.ca](https://www.canada.ca/en/revenue-agency/corporate/about-canada-revenue-agency-cra/travel-directive/appendix-c-daily-meal-rates-locations-abroad-july-2026.html?utm_source=openai))
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Prescribed Interest Rates for the Third Quarter 2026
The CRA has set prescribed annual interest rates that apply to overdue taxes, payroll remittances, and overpayments, in effect from July 1, 2026 to September 30, 2026. The rate on overdue taxes is 7%; overpayments for corporations is 3% and for non-corporate taxpayers 5%. Also, rates for interest-free or low-interest loans and corporate indebtedness are adjusted. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates/2026-q3.html?utm_source=openai))
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super reforms – new super payment frequency, qualifying earnings and payment deadlines
From 1 July 2026, under the Payday Super reforms employers must calculate super guarantee on qualifying earnings (broadening definition), pay super each payday, with payments arriving in super funds within 7 business days; the Small Business Superannuation Clearing House (SBSCH) will close; and enhancements to SuperStream including NPP payments and fund validation service changes.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Division 296 super earnings tax for large super balances
From 1 July 2026, individuals with total super balances (TSB) over $3 million will be taxed at 15% on the portion of super earnings above that amount; if TSB exceeds $10 million, an additional 10% applies on the portion above $10 million. Assessments will issue in latter half of 2027-28 FY once earnings are reported by super funds.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Government strengthens Canada Child Benefit (CCB) payments for 2026-2027
The Canada Child Benefit (CCB), a tax-free monthly payment to help families with children, will increase for the 2026-27 benefit year—for example up to $8,157 per child under age 6 and up to $6,883 for children aged 6 to 17, with payments starting in July 2026 for Nova Scotia families and across Canada accordingly. Impacts families nationwide with higher tax-free support amounts for child-raising expenses. Formally enacted and effective as of July 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
T4032 Payroll Deductions Tables guides effective July 1, 2026
The Canada Revenue Agency (CRA) released updated T4032 payroll deduction tables that came into effect on July 1, 2026. These apply to calculating federal, provincial, and territorial income tax deductions, Employment Insurance premiums, and Canada Pension Plan contributions. This affects how employers calculate payroll withholding amounts for 2026 onwards. It also implies any payroll system or software must update to these tables to remain compliant.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
T4127-JUL Payroll Deductions Formulas - 123rd Edition effective July 1, 2026
CRA’s T4127-JUL, the 123rd Edition of Payroll Deductions Formulas, took effect July 1, 2026. It provides updated formulas for calculating claim codes, CPP/QPP rates, EI premiums, and federal and provincial deduction constants. Employers using manual or customized payroll systems must use this edition for accurate withholding calculations.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super takes effect from 1 July 2026: employer obligations
From 1 July 2026, the new Payday Super reform means employers must pay superannuation guarantee on payday (not quarterly), based on qualifying earnings (which include ordinary time earnings and certain contractor labour), and ensure funds receive contributions within 7 business days after payday. It also requires STP reporting per payday with qualifying earnings and super liability codes. The SBSCH will close permanently, and payroll, clearing houses, and SuperStream standards will be updated accordingly.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Division 296 tax changes for super balances over $3 million from 1 July 2026
Starting 1 July 2026, individuals with a total super balance (TSB) over the Large Super Balance Threshold (LSBT) of $3 million will incur an additional **15% tax** on the portion of super earnings attributable to the TSB above that threshold. If TSB exceeds the Very Large Super Balance Threshold (VLSBT) of $10 million, a further **10% extra tax** will apply on earnings above $10 million. Assessments will be issued in late 2027-28 after super funds report earnings.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Parental Leave Super Contribution begins 2026-27 financial year
From 1 July 2026, the government will make a superannuation contribution on Paid Parental Leave Pay (PPLP) at the then-legislated Super Guarantee rate (12%), administered via the ATO, using SuperStream channels. The contribution will be taxed at 15% in-fund and counted toward the individual’s concessional contribution cap. It applies for leave payments in the 2026-27 financial year and requires accurate fund-account and personal details.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Individual income tax rate cuts under Treasury Laws Amendment (More Cost of Living Relief) Act 2025
Legislation enacted as part of the Cost of Living relief reduces marginal tax rates: from 1 July 2026 the 16% rate is reduced to 15% for the income bracket above the tax-free threshold to $45,000; from 1 July 2027 it reduces further to 14%. Thresholds for higher rates are also updated — 37% applies between $135,000 and $190,000, 45% above that. These changes aim to reduce bracket creep and ease cost of living burdens for low-to-middle income earners.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super: calculation and assessment of the superannuation guarantee charge (Draft LCR 2026/D3)
This draft Law Companion Ruling provides guidance on the SG charge under the Payday Super reforms, which change the timing of employers’ super contributions to coincide with each payday rather than quarterly. It includes rules on qualifying earnings, calculating SG shortfalls, and assessments. Implications include increased compliance obligations for employers, risk of SG charges if payments or reporting are delayed, and transition rules for new employees or overlapping pay cycles. The reforms take effect from 1 July 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super reforms: change to how employers calculate and pay the super guarantee
From 1 July 2026, employers must pay the super guarantee at the same time as salary or wages (‘on payday’), based on qualifying earnings. Contributions must be received by super funds within 7 business days. The SBSCH will also close permanently. These changes aim to improve timing, employee protections and reduce underpayments. Regulations include falling under the Superannuation Guarantee (Administration) Act 1992 and associated draft law companion rulings. The reforms affect STP reporting, employer obligations, and super fund payment processes.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Extension of funding for Tax Avoidance Taskforce
The Federal Budget provided extension of funding for the ATO’s Tax Avoidance Taskforce for 2 years from 1 July 2026, through to 30 June 2028. This ensures the ATO can sustain efforts in combating tax avoidance among multinational, public, private, and wealthy group taxpayers, and enforce integrity of international tax arrangements. Compliance programs, audits and assurance efforts will continue to be well-resourced.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Resolución General N° 5866/2026 – Modificación del régimen de emisión de comprobantes (Argentina)
Argentina’s AFIP modified its electronic invoicing regime, reducing exemptions, requiring the identification of the buyer/tenant in cases of deductible expense, adding new data fields like “Póliza” or “Endoso,” and making the obligation effective for operations agreed from 1 July 2026 for affected taxpayers. ([biblioteca.afip.gob.ar](https://biblioteca.afip.gob.ar/search/query/norma.aspx?p=t%3ARAG%7Cn%3A5866%7Co%3A9%7Ca%3A2026%7Cf%3A26%2F06%2F2026&utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: ASEAN
Status requires verification
Change of Tax Reference Numbers for Estates/Trusts/Unit Trusts (Use of ASGD ID)
From July 2026, Singapore’s IRAS will replace the 10-character ITR ID tax reference numbers for Estates, Trusts and Unit Trusts with a 9-character ASGD ID (format AXXXXXXXX). Old ITR IDs will no longer be used after January 2027. Executors, trustees and agents must use the new ASGD ID for all filings, payments, enquiries etc. This supports upcoming digital service enhancements (e-filing via Corppass), with system upgrades to complete by end December 2026. Impacts internal records, systems, payments. Transition period applies.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source