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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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S&P 500 Surpasses 6,000 Mark Amid Trump and Fed-Driven Surge

 

In a historic milestone, the S&P 500 index has broken through the 6,000-point barrier for the first time. This remarkable achievement comes on the heels of Donald Trump’s re-election and a series of favorable economic policies anticipated from a Republican-controlled Congress. The Federal Reserve’s recent decision to cut interest rates by 25 basis points has further fueled investor optimism, propelling the market to new heights.

The rally, which has seen the S&P 500 post its best week in nearly a year, is driven by expectations of business-friendly policies, including tax cuts and deregulation, which are expected to boost corporate profits. Investors are also buoyed by the Fed’s commitment to maintaining a supportive monetary policy environment.

Market analysts suggest that the 6,000 mark is a psychologically significant milestone that could attract more investment into equities, as there remains substantial capital on the sidelines in money market funds and bonds. The combination of strong earnings, economic growth, and the so-called “Fed put” is expected to continue driving the market higher in the medium term.

However, there are concerns about potential inflationary pressures from Trump’s expansive fiscal policies and proposed tariff hikes, which could complicate the Federal Reserve’s path forward. Despite these uncertainties, the immediate market reaction has been overwhelmingly positive, with all major indexes closing at record highs.

As investors celebrate this landmark achievement, the focus will now shift to how the new administration’s policies will unfold and their long-term impact on the economy and financial markets.


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