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Canada Groceries & Essentials Benefit: Free Money Hits Your Account June 5 — Are You Getting Yours?

If you're a low- or modest-income Canadian, there's a very good chance the government is about to deposit money directly into your bank account — on June 5, 2026 — with zero application required. It's called the Canada Groceries and Essentials Benefit (CGEB) , and it's replacing the old GST/HST credit with a bigger, better payout. The first step? A one-time bonus payment arriving in less than two weeks. Here's everything you need to know to make sure you don't miss it. What Exactly Is This Payment? The federal government is transitioning away from the GST/HST Credit and launching the new Canada Groceries and Essentials Benefit (CGEB) starting July 2026. As a bridge to that new program, every current GST/HST credit recipient will receive a one-time lump-sum top-up on June 5, 2026 — equal to 50% of their annual 2025–26 GST/HST credit . Think of it as a bonus cheque (or direct deposit) to help you cover rising grocery and essentials costs right now, before the n...
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Trump Announces Tariffs on Canada and Mexico, Decision on Oil Pending

 

President Donald Trump has announced that the United States will impose 25% tariffs on imports from Canada and Mexico starting this Saturday. This decision has already caused significant fluctuations in the foreign exchange markets, with both the Canadian dollar and the Mexican peso experiencing notable declines.

Trump's decision to impose these tariffs is driven by multiple factors, including the influx of migrants at the southern border, the flow of fentanyl into the United States, and the trade deficit with these neighboring countries. The President has also indicated that he is still considering whether to include oil imports from Canada and Mexico in these tariffs, with a decision expected soon.

The potential inclusion of oil in the tariffs has raised concerns about the impact on energy prices and the broader economy. The United States imports significant quantities of oil from both Canada and Mexico, and tariffs could lead to higher gasoline prices for American consumers. Despite these concerns, Trump has expressed confidence that the U.S. can meet its own energy needs without relying on imports.

The announcement has prompted reactions from various stakeholders, with some experts warning that the tariffs could lead to increased prices for American consumers and potential economic repercussions for Canada and Mexico. The situation remains fluid, with further developments expected in the coming days.



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