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Canada’s New GST Credit Boost: What It Means for You

Canada is rolling out a strengthened version of the GST/HST credit, designed to give low‑ and modest‑income households more breathing room as everyday costs continue to rise. The updated benefit increases annual payments and adds a temporary top‑up to help Canadians manage higher grocery and essential living expenses. What’s Changing? The traditional GST/HST credit is being expanded into a more generous support program. Key updates include: A 25% increase to the annual credit for five years A one‑time top‑up equal to half of your yearly GST credit amount Continued quarterly payments to help with ongoing affordability challenges How Much Could You Receive? The exact amount depends on your income and family size, but the enhanced credit provides meaningful boosts: Families with children may receive close to $1,900 in the first year Single adults may receive close to $950 Annual payments remain higher than before for the next several years Who Qualifies? Eligibility ...
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How Loblaw and Metro are coping with food price inflation and sustainability challenges

 


Two of Canada's largest grocery chains, Loblaw and Metro, have reported increased sales and profits for the third quarter of 2023, despite facing public criticism over their role in food price inflation. 

Loblaw posted a net income of $421 million, up 12% from the same period last year, while Metro saw its net earnings rise 9% to $191 million. Both companies attributed their strong performance to higher demand for food and pharmacy products amid the ongoing pandemic, as well as their investments in e-commerce and digital initiatives. 

However, they also acknowledged the challenges of rising costs and supply chain disruptions that have contributed to higher food prices for consumers. Loblaw and Metro have recently added a new title to their executive teams: Chief Sustainability Officer, who will be responsible for overseeing their environmental and social impact strategies.



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