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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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Trump's Bold Tariff Threat to BRIC Nations: A Move to Protect the U.S. Dollar


In a recent statement, President-elect Donald Trump has issued a stern warning to the BRIC bloc of nations, threatening a 100% tariff on their goods if they take any actions to undermine the U.S. dollar. The BRIC alliance, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, has been exploring ways to reduce their reliance on the U.S. dollar in global trade.

Trump's declaration comes amid growing discussions among BRIC nations about creating a new currency to challenge the dollar's dominance. This move, known as de-dollarization, aims to establish alternative trading channels and potentially implement a single currency for intra-BRIC trade. Trump, known for his protectionist stance, emphasized that any attempt to weaken the U.S. dollar would be met with swift and decisive action.

The BRIC nations collectively account for a significant portion of the world's GDP and population, making their economic policies highly influential on the global stage. Trump's proposed tariffs could have major economic consequences, potentially raising costs for American businesses and consumers while escalating international trade tensions.

As the world watches, the future of the U.S. dollar's dominance and the potential impact of Trump's tariff threats remain uncertain. The geopolitical landscape continues to evolve, with the BRIC nations seeking to assert their economic independence and the U.S. striving to maintain its financial supremacy.

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