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Canada's New Groceries & Essentials Benefit: What It Means for Your Wallet in 2026

  Big news for Canadian households: the federal government has just unveiled the Canada Groceries and Essentials Benefit — and if you qualify, money could land in your bank account as early as June 2026 . With the cost of living still squeezing budgets from coast to coast, this is one announcement you don't want to miss. Here's everything you need to know — and more importantly, how to make the most of it. How Much Money Are We Talking? The amounts are significant. According to the federal government's Spring Economic Update 2026: Families of four: Up to $1,890 in 2026, and approximately $1,400/year for the next four years. Single individuals: Up to $950 this year, and around $700/year through 2030. Payments begin: June 2026 This benefit is a 25% increase on the former GST Credit , now renamed and boosted for five years. If you already receive the GST Credit, you should automatically be considered — no new application needed. 📌 Bonus: The government has also made th...
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Liberals' GST Break Expected to Pass Today

 

Legislation to create a two-month-long GST holiday is expected to pass today in the House of Commons. The bill, introduced by Finance Minister Chrystia Freeland, aims to provide temporary relief to Canadians by eliminating the GST on a variety of holiday essentials from December 14, 2024, to February 15, 2025. 

The GST holiday will cover items such as children's clothes and toys, video games and consoles, Christmas trees, restaurant and catered meals, wine, beer, candy, and snacks. The government estimates that a family spending $2,000 on these items could save between $100 and $260, depending on the province.

The NDP has agreed to support the bill after Freeland separated the GST break from a proposed $250 rebate for working Canadians, which the NDP wants expanded to include non-working seniors and people with disabilities. The bill is expected to pass with the help of the NDP, despite opposition from the Conservatives, who have criticized the GST break as a "cheap gimmick".



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