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Grocery Benefit Pays Monday, Oct. 5: What You'll Actually Get — and Who Gets $0

  The second Canada Groceries and Essentials Benefit (CGEB) payment lands Monday, Oct. 5, and it's the last one of 2026. Some households will see $222.50. Others will see nothing. Here's how to tell which group you're in. At a glance Payment date: Monday, Oct. 5, 2026 (tax-free) Maximum per payment: $169.75 single, $222.50 couple, plus $58.50 per child under 19 Based on: your 2025 tax return Next payments: January and April 2027 Check which number you're reading: yearly or per payment A lot of coverage this week quotes $679 for singles and $890 for couples. Those are the yearly maximums for the July 2026 to June 2027 benefit year, paid in four quarterly instalments. What arrives Monday is one quarter of that. Household Max per year Max per payment Single, no children $679 $169.75 Married or common-law $890 $222.50 Each child under 19 (added on) $234 $58.50 First child in a single-parent family $445 $111.25 Most households get less than the maximum The CGEB is incom...
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How to Invest Wisely in 2024: A Guide for Long-Term Success

As the year 2023 comes to an end, many investors may be tempted to review their portfolio performance and make changes based on the latest market trends. However, this may not be the best strategy for achieving long-term financial goals. Instead, investors should focus on the big picture and stick to their investment plan, regardless of short-term fluctuations.

According to experts, there are several benefits of adopting a long-term perspective when investing. First, it can help investors avoid emotional reactions to market volatility, which can lead to costly mistakes. Second, it can reduce the impact of fees and taxes, which can erode returns over time. Third, it can allow investors to take advantage of compound interest, which can significantly boost their wealth in the long run.

To invest for the long term, investors need to have a clear vision of their objectives, risk tolerance, and time horizon. They also need to diversify their portfolio across different asset classes, sectors, and regions, and rebalance it periodically to maintain their desired allocation. Moreover, they need to review their portfolio regularly and make adjustments only when necessary, such as when their circumstances change or when their investments deviate significantly from their expectations.

By following these principles, investors can increase their chances of achieving their financial goals and enjoy a prosperous new year.

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