Thursday, July 9, 2026 Every July, a wave of federal benefit payments resets for the new benefit year — and 2026 brings one of the biggest shifts in years. Between a permanent 25% boost to the old GST/HST credit, a fresh Canada Child Benefit increase, and the largest quarterly OAS bump of the year, millions of Canadian households will see different numbers land in their accounts this month. Here's what actually changed, and what to check in your own CRA account. The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) . It's not a new program from scratch — it runs on the same CRA infrastructure and eligibility rules — but the payment amounts are 25% higher, and that increase is locked in for five years. The first CGEB payment went out on July 3, 2026. Under the new structure: A single individual with no children can receive up to roughly $679 per year (about $170 per quart...
Trump Grants 30-Day Reprieve on Auto Tariffs for Mexico and Canada
In a recent move, President Donald Trump has announced a 30-day pause on tariffs for auto imports from Mexico and Canada. This decision comes after requests from major automakers, including Ford, General Motors, and Stellantis, who argued that the tariffs would put them at a competitive disadvantage.
The temporary exemption is intended to give these companies time to shift production to the United States, where they will not be subject to tariffs. White House Press Secretary Karoline Leavitt stated that the ultimate goal is to boost domestic auto manufacturing and reduce reliance on foreign production.
While the reprieve offers some relief to the auto industry, it is only a temporary measure. The 25% tariffs on auto imports from Mexico and Canada are still set to go into effect on April 2, unless further exemptions are granted.
The decision has sparked mixed reactions. Some industry experts believe that the pause will provide much-needed breathing room for automakers, while others are concerned about the long-term impact on cross-border supply chains.
As the deadline approaches, the auto industry will be closely monitoring any further developments and potential negotiations between the U.S., Mexico, and Canada.
Comments
Post a Comment