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The GST Credit Is Gone: What the New Canada Groceries and Essentials Benefit Means for Your Wallet

  Canadian Money Brief · Government Benefits As of today, July 1, 2026, the GST/HST credit no longer exists under that name. It's been replaced by the Canada Groceries and Essentials Benefit (CGEB) — and for most recipients, the cheques (or direct deposits) are about to get bigger. If you've been getting the GST/HST credit, here's exactly what's changing, how much more you can expect, and when the money actually shows up. What Actually Changed The CGEB isn't a brand-new program from scratch — it's the GST/HST credit, renamed and enhanced. The federal government made two moves this year: A one-time top-up equal to 50% of your 2025–26 annual GST/HST credit amount, which started landing in bank accounts on June 5, 2026. A permanent-feeling 25% increase to the base benefit, in effect for five years starting with the July 2026 payment, and indexed to inflation. Both are automatic. If you filed your 2024 tax return and qualified for the GST/HST credit, you don'...
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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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