Skip to main content

Featured

Canada Groceries and Essentials Benefit: What You Need to Know About Tomorrow's Payment

  If you've ever received a GST/HST credit payment from the CRA, there's a good chance money is landing in your bank account tomorrow — and this time, it could be noticeably bigger than usual. On June 5, 2026 , the federal government is issuing a one-time top-up payment to more than 12 million eligible Canadians as part of the transition to the new Canada Groceries and Essentials Benefit (CGEB) . Here's what the payment is, how much you could receive, and what changes are coming in July. What Is the June 5 Payment? The June 5 deposit is a one-time GST/HST credit top-up — equal to 50% of your annual GST/HST credit entitlement for the 2025–26 benefit year. Think of it as a bonus mid-year payment on top of your regular quarterly schedule. This payment is part of the federal government's bridge between the old GST/HST credit and the new Canada Groceries and Essentials Benefit, which officially launches in July 2026. The goal is to get money into Canadians' hands now, b...

article

Canada’s Inflation Rate Falls to 2.5% in July, Lowest Since March 2021


Statistics Canada’s latest report reveals that Canada’s annual inflation rate declined to 2.5% in July. This marks the lowest rate since March 2021. The easing inflation is attributed in part to lower prices for travel and passenger vehicles.

The Bank of Canada closely monitors inflation trends, and this cooling streak may influence future monetary policy decisions. Economists predict that interest rates could be cut again in September.


Comments