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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
Make a Day Out of It: How to Save Money on Cross-Border Shopping
Cross-border shopping can be a fun and cost-effective way to find unique products and great deals. Here are some tips to help you save money while making the most of your trip:
Plan Ahead: Before you head out, research the stores you want to visit and check for any ongoing sales or promotions. Websites and apps can help you compare prices and find the best deals.
Monitor Exchange Rates: Keep an eye on the exchange rate between the Canadian dollar and the U.S. dollar. Converting your money when the rate is favorable can save you a significant amount.
Use the Right Credit Card: Consider using a credit card that doesn’t charge foreign transaction fees. Some Canadian banks offer U.S.-based credit cards, which can help you avoid extra charges.
Join Loyalty Programs: Many U.S. retailers offer discounts for joining their loyalty programs or mailing lists. Sign up in advance to take advantage of these savings.
Shop in Tax-Free States: Some U.S. states, like Delaware and Oregon, have no sales tax. If possible, plan your shopping trips to these states to save on taxes.
Fill Up on Gas: Gasoline is often cheaper in the U.S. than in Canada. Fill up your tank before heading back to save on fuel costs.
Stay Overnight: If you plan to make large purchases, consider staying overnight. This can increase your duty-free allowance, allowing you to bring back more goods without paying extra duties.
Check for Coupons and Discounts: Look for coupons and discount codes online before you go. Websites like RetailMeNot can be a great resource for finding additional savings.
Compare Prices: Some items might be cheaper in Canada, even with the exchange rate. Compare prices online to ensure you’re getting the best deal.
Have Fun: Make your shopping trip enjoyable by going with friends or family. Treat yourself to experiences or items you can’t find in Canada, and make a day out of it!
By planning ahead and taking advantage of these tips, you can save money and enjoy a successful cross-border shopping trip. Happy shopping!
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