The One Big Beautiful Bill Act (OBBBA) was signed into law in July 2025 and contained many changes to Federal tax law. Many of the changes went into effect upon its passage, with others going into effect this year.
Below is a summary of what to expect for tax year 2026.
The OBBBA contains sweeping changes to tax law that may impact all types of taxpayers. While clients should continue to work with their financial, tax and legal advisors to analyze how the OBBBA may affect their unique situations, RBC Rochdale’s Private Wealth Solutions team may be able to assist clients with understanding the changing tax landscape around charitable giving, capital asset sales, estate transfers and more.
RBC Rochdale’s Private Wealth Solutions team specializes in educating clients and helping them make important financial decisions with the Comprehensive Wealth Assessment. RBC Rochdale’s Comprehensive Wealth Assessment is a complimentary, holistic service that focuses on identifying gaps and solutions, and empowers clients to make informed decisions. We pair sophisticated financial tools and modeling techniques with a personal approach to illustrate for you the financial benefits advance planning can help deliver.
To learn more, contact your Financial Advisor. You can also visit us at www.cnr.com, or email us at citynationalrochdale@cnr.com.
This document is for general information and education only. It is not meant to provide specific tax guidance. The information in this document was compiled by the staff of RBC Rochdale, LLC (RBC Rochdale) from data and sources believed to be reliable, but RBC Rochdale makes no representation as to the accuracy or completeness of the information. The opinions expressed, together with any estimates or projections given, constitute the judgment of the author as of the date of the presentation. RBC Rochdale has no obligation to update, modify, or amend this document or otherwise notify you in the event any information stated, opinion expressed, matter discussed, estimate, or projection changes or is determined to be inaccurate.
RBC Rochdale, as a matter of policy, do not give tax, accounting, regulatory, or legal advice. Rules in the areas of law, tax, and accounting are subject to change and open to varying interpretations. Any strategies discussed in this document were not intended to be used, and cannot be used for the purpose of avoiding any tax penalties that may be imposed. You should consult with your other advisors on the tax, accounting and legal implications of actions you may take based on any strategies or information presented taking into account your own particular circumstances.
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RBC Rochdale, LLC is an SEC-registered investment adviser and wholly-owned subsidiary of City National Bank. Registration as an investment adviser does not imply any level of skill or expertise. City National Bank is a subsidiary of the Royal Bank of Canada.
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