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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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Trump Renews Criticism of Fed Chair Powell, Claims Housing Market is Suffering

                                            Trump criticises Powell for hurting housing market.

U.S. President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, accusing him of damaging the housing sector through high interest rates. In a post on Truth Social, Trump wrote, “Could somebody please inform Jerome ‘Too Late’ Powell that he is hurting the Housing Industry, very badly? People can’t get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut.”

The remarks come just days before Powell’s scheduled speech at the annual Jackson Hole central banking symposium, where investors will be watching closely for signals on future monetary policy. While inflation has eased from pandemic-era highs, it remains above the Fed’s 2% target, and recent data has been mixed.

Market expectations currently point to a quarter-point rate cut at the Fed’s September meeting, with the possibility of another later in the year — far less than the multi-point reductions Trump has urged. The president’s comments also arrive amid concerns that his trade tariffs could either slow economic growth, prompting rate cuts, or fuel inflation, which would typically call for higher rates.

Trump’s latest salvo underscores the ongoing tension between the White House and the central bank over the direction of U.S. monetary policy.

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