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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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Market Jitters: U.S. Futures Slide Amid Tariff Worries, Tesla Takes a Hit

              

U.S. stock index futures experienced a decline on Monday as concerns over ongoing tariff disputes continued to weigh on investor sentiment. At 7:16 a.m. ET, Dow E-minis dropped 389 points (0.91%), S&P 500 E-minis fell 61 points (1.06%), and Nasdaq 100 E-minis slid 242 points (1.21%). The uncertainty surrounding trade policies, particularly between the U.S., China, and Canada, has fueled fears of a potential economic slowdown.

Mega-cap growth stocks bore the brunt of the sell-off, with Nvidia, Meta, and Amazon.com all seeing premarket declines of over 1.3%. Tesla shares fell 2.4% after UBS lowered its forecast for the automaker's first-quarter deliveries and reduced its price target for the stock.

The broader market also reflected investor caution. Futures tied to the small-cap Russell 2000 index dropped 0.9%, while Treasury bonds saw increased demand as a safe-haven asset. Banking stocks, including JPMorgan Chase, Goldman Sachs, and Bank of America, also faced declines, with the broader banks index down over 8% for March.

Adding to the unease, China's retaliatory tariffs on select U.S. imports took effect on Monday, with additional U.S. tariffs on base metals expected later in the week. Investors are closely monitoring these developments, along with upcoming data on inflation, job openings, and consumer confidence, which could provide further insights into the health of the economy.

Tesla's decline highlights the challenges faced by the electric vehicle maker amid bearish forecasts and broader market volatility. The company's stock has been under pressure due to concerns over demand and pricing strategies.



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