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Tariff Costs Put New Pressure on U.S. Corporate Profits

Rising tariff expenses are beginning to weigh heavily on U.S. companies, prompting executives across multiple industries to warn that profit margins may tighten in the months ahead. Many firms had initially suggested they could manage the added costs through efficiency improvements or selective price increases, but that confidence is fading as import-related expenses continue to climb. Companies that rely on global supply chains are feeling the strain most acutely. Higher costs on imported materials and components are forcing difficult decisions: pass the increases on to consumers, risking weaker demand, or absorb the costs internally, which directly erodes profitability. For many businesses, neither option is attractive. Consumer-facing brands are finding it especially challenging to raise prices further, as shoppers show growing sensitivity to even modest increases. This resistance limits the ability of firms to offset tariff-driven expenses, creating a squeeze that is beginning t...
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Canada’s New GST Credit Boost: What It Means for You

Canada is rolling out a strengthened version of the GST/HST credit, designed to give low‑ and modest‑income households more breathing room as everyday costs continue to rise. The updated benefit increases annual payments and adds a temporary top‑up to help Canadians manage higher grocery and essential living expenses.

What’s Changing?

The traditional GST/HST credit is being expanded into a more generous support program. Key updates include:

  • A 25% increase to the annual credit for five years
  • A one‑time top‑up equal to half of your yearly GST credit amount
  • Continued quarterly payments to help with ongoing affordability challenges

How Much Could You Receive?

The exact amount depends on your income and family size, but the enhanced credit provides meaningful boosts:

  • Families with children may receive close to $1,900 in the first year
  • Single adults may receive close to $950
  • Annual payments remain higher than before for the next several years

Who Qualifies?

Eligibility rules remain familiar and straightforward:

  • You must be a Canadian resident for tax purposes
  • You need a valid Social Insurance Number
  • Your family income, marital status, and number of children determine your benefit
  • The program is aimed at low‑ and modest‑income individuals and families

When Will Payments Arrive?

  • The one‑time top‑up is scheduled for spring 2026
  • The enhanced quarterly payments begin July 2026

Why It Matters

With food and household costs still elevated, the expanded GST credit offers direct, predictable support. It’s one of the simplest ways the federal government helps Canadians manage essential expenses, and the upcoming enhancements make it even more impactful.


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