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You Could Be Owed Up to $5,000: The CRA Data Breach Settlement, Explained

  August 21, 2026 If you had a Government of Canada online account back in 2020, it's worth five minutes to check whether you're eligible for a payout. Claims are now open in an $8.7-million federal settlement tied to a wave of 2020 cyberattacks on Canada Revenue Agency and other Government of Canada accounts. If your CRA My Account, My Service Canada Account, or another GCKey-linked account was compromised, you may be entitled to compensation — in some cases, up to $5,000. Here's what happened, who qualifies, and exactly how to file before the deadline. What happened Between June and August 2020, hackers used "credential stuffing" — testing stolen usernames and passwords from other data leaks against government login pages — to break into thousands of Government of Canada online accounts. In some cases, attackers viewed confidential personal and financial information; in others, they used stolen access to file fraudulent claims for pandemic-era benefits like CERB...
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Tech Relief: U.S. Exempts Electronics from Latest Tariffs

In a significant move, the U.S. government has decided to exempt smartphones, computers, and other electronics from its latest round of tariffs. This decision, announced by U.S. Customs and Border Protection, provides much-needed relief to major technology firms like Apple and Dell Technologies, as well as chip manufacturers such as Nvidia.

The exemptions cover 20 product categories, including laptops, hard drives, memory chips, and flat-panel monitors. These items, primarily imported from China, will no longer be subject to the steep 125% reciprocal tariffs or the 10% baseline tariffs on imports from other countries. This move is expected to ease the financial burden on consumers and tech companies alike, especially as many of these products are not manufactured domestically.

Analysts have hailed the decision as a positive step for the tech industry, which has been grappling with uncertainties due to ongoing trade tensions. Dan Ives, a Wedbush Securities analyst, described the announcement as "bullish news" for tech investors. 

The exemptions reflect an awareness of the potential impact of tariffs on inflation-weary consumers and the broader economy. While the trade war between the U.S. and China continues, this decision offers a temporary reprieve for the tech sector. 



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