Thursday, July 9, 2026 Every July, a wave of federal benefit payments resets for the new benefit year — and 2026 brings one of the biggest shifts in years. Between a permanent 25% boost to the old GST/HST credit, a fresh Canada Child Benefit increase, and the largest quarterly OAS bump of the year, millions of Canadian households will see different numbers land in their accounts this month. Here's what actually changed, and what to check in your own CRA account. The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) . It's not a new program from scratch — it runs on the same CRA infrastructure and eligibility rules — but the payment amounts are 25% higher, and that increase is locked in for five years. The first CGEB payment went out on July 3, 2026. Under the new structure: A single individual with no children can receive up to roughly $679 per year (about $170 per quart...
Luxury Superyacht Sinks Off Italy Coast: Search Resumes for Missing Passengers
Rescue teams and divers are intensifying their efforts to locate six missing passengers after a luxury superyacht sank during a violent storm off the coast of Sicily. The yacht, named the Bayesian, was carrying 22 people when it capsized. Here’s what we know:
- The Missing:
- Mike Lynch: A British tech magnate, often referred to as “Britain’s Bill Gates.”
- Jonathan Bloomer: Chairman of Morgan Stanley International.
- Chris Morvillo: A lawyer from Clifford Chance.
- Others: The missing also include Lynch’s daughter and the wives of Bloomer and Morvillo.
- Rescue Challenges:
- The yacht lies approximately 164 feet underwater, complicating the search.
- Divers are working in 12-minute shifts due to the depth.
- Obstructions inside the wreck hinder navigation.
- Survivors:
- Fifteen people were rescued by nearby boats and brought ashore.
- Lynch’s wife and 14 others survived.
- Tragically, one person lost their life.
The incident has sent shockwaves through the maritime community, leaving many hoping for a successful rescue operation. Our thoughts are with the families of the missing passengers during this difficult time.
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