5 Things to Know Today Your morning briefing on what's moving Canadian wallets and markets — Thursday, June 5, 2026. 1 / Benefits Your Grocery Benefit Cheque Lands Today Today is the day millions of Canadians have been watching their bank accounts for. The federal government is issuing a one-time Canada Groceries and Essentials Benefit (CGEB) top-up to more than 12 million eligible Canadians starting June 5, 2026. The payment equals roughly 50% of your annual GST/HST credit entitlement — so if you normally receive that credit, expect to see a notably larger-than-usual deposit. The numbers: a family of four could receive up to $1,890 in 2026 (including the top-up), while a single person could receive up to $950 . Your bank statement may still label the deposit as "GST/HST Credit" or "GST/HST RC150" — that's normal. The full rebrand to CGEB takes effect July 3, 2026, when the regular quarterly payments resume at a permanent 25% increase for the next five...
Canada’s carbon price is poised to increase on April 1, despite some provincial leaders expressing concerns about affordability. Let’s delve into the details:
The impending carbon price hike is not unexpected. It’s a fundamental policy of Prime Minister Justin Trudeau’s minority Liberal government. By putting a price on pollution, the aim is to encourage people to use fewer fossil fuels, ultimately reducing emissions from the economy. Annual increases are part of the government’s overall pricing scheme, with plans extending until at least 2030.
For most Canadians, the impact of the April 1 increase will be most noticeable at the gas station and on energy bills. Here’s how it breaks down:
- Gasoline: The carbon tax will add 17 cents per liter.
- Diesel: Expect an additional 21 cents per liter.
- Natural Gas: The increase amounts to 15 cents per cubic meter.
Keep in mind that British Columbia, Quebec, and the Northwest Territories have their own carbon pricing systems in place, while other provinces and territories fall under the federal backstop plan.
While the carbon price does play a role in household affordability, it’s essential to recognize that its effects are relatively small compared to global oil prices and corporate profitability. Canadians may also experience indirect effects, such as transportation costs influencing food prices.
In summary, Canada’s commitment to tackling climate change involves incremental carbon price increases, aiming for a greener and more sustainable future.
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