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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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Stock Market Today: Nasdaq Futures Surge as Investors Await Powell's Remarks

                                     

U.S. stock futures rose on Wednesday, with tech stocks leading the charge towards fresh record highs as investors eagerly await Federal Reserve Chair Jerome Powell's remarks for clues on future interest rates.

Dow Jones Industrial Average futures climbed 0.5%, or over 200 points, while S&P 500 futures added 0.3% following an all-time closing high. Contracts on the tech-heavy Nasdaq 100 led the way with a 0.7% gain.

Salesforce stock surged around 13% in pre-market trading after the software maker's quarterly revenue beat boosted hopes for its AI products. Shares of Okta and Marvell also jumped amid well-received earnings reports, setting a positive tone for tech stocks.

Investors are keen to hear Powell's speech in New York later today, with growing confidence in a potential December rate cut. Fed officials have signaled support for more easing as they prepare for their final meeting of the year.

A reading on private payrolls in November is also in focus after job openings data suggested the labor market is softening but not too much. The ADP report highlights a busy Wednesday of PMIs and other economic releases, leading into the all-important monthly jobs report on Friday.

Political turmoil in France and South Korea is also on investors' radar, with French lawmakers set to vote on a no-confidence motion and South Korea's president facing impeachment after briefly declaring martial law.


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