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The GST/HST Credit Has a New Name — And It's Paying 25% More

  Sunday, July 19, 2026 If you've relied on the quarterly GST/HST credit, that name is gone for good. Here's what replaced it, how much more it's worth, and whether you need to do anything to get it. For years, the GST/HST credit quietly landed in millions of Canadian bank accounts every three months — a modest, tax-free top-up meant to offset sales tax on everyday purchases. As of this month, that program no longer exists under its old name. It's now the Canada Groceries and Essentials Benefit (CGEB) , and the federal government has permanently increased the payment by 25%, locked in for five years. If you already qualified for the GST/HST credit, you don't need to apply for anything new. But you should know what changed, because the numbers — and the timeline — are more involved than a simple rename. What actually changed The CGEB was first announced by the federal government in January 2026 as part of a broader affordability push, and it became law with the passa...
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Dow Tumbles Amidst Rising Yields and Global Unrest

 

The Dow Jones Industrial Average faced a significant downturn as geopolitical tensions and a sharp increase in Treasury yields rattled investors. The spike in yields came on the heels of unexpectedly robust retail sales data, which suggested that the Federal Reserve might delay anticipated interest rate cuts. This development has cast a shadow over the recent strong earnings reported by major banks like Goldman Sachs.

The market’s reaction was swift, with the Dow falling 248 points, or 0.7%, while the S&P 500 and NASDAQ Composite also saw declines of 1.2% and 1.8%, respectively. The rise in Treasury yields, particularly the 10-Year Treasury jumping 11 basis points to 4.61%, indicates a shift in investor sentiment towards caution amidst economic growth and potential policy shifts.

As the global financial community monitors the unfolding events, the impact of these tensions and economic indicators will continue to play a critical role in shaping market dynamics in the days ahead.

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