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Big Bank Earnings Are In: What They Reveal About Your Mortgage Stress

  August 26, 2026 Canada's biggest banks are in the middle of reporting Q3 2026 results, and so far the headline numbers look strong. BMO and Scotiabank both beat analyst estimates this week, and National Bank of Canada reported this morning. RBC, TD, and CIBC follow Thursday, closing out the sector's earnings season. But the number that actually matters to most Canadians isn't profit — it's what the banks are setting aside for loans that might go bad, and what they're saying about who's struggling to keep up. That's where the picture gets more interesting than the headlines suggest. The headline numbers BMO kicked off the week with adjusted profit up 22% year-over-year and return on equity climbing to 14%, with the bank reiterating its target of 15% ROE by the end of fiscal 2027. Scotiabank posted what CEO Scott Thomson called a record quarter: net income of $3 billion, up 21% year-over-year, with adjusted ROE hitting 14.2% — clearing the bank's own med...
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GST/HST Credit Eligibility Criteria for 2024




The GST/HST credit is a tax credit offered to low- and modest-income households in Canada. It is a tax-free quarterly payment that helps offset the GST or HST paid on goods and services. You are eligible for the GST/HST credit if you are a Canadian resident over the age of 19. A Canadian resident earning below $52,255 annually is eligible to apply for the GST/HST tax credit. The annual earnings limit increases to $62,175 for a single parent with two children, and for a married couple with three children, the adjusted family income should be lower than $65,595.

The GST/HST tax credit amount varies based on the individual’s income and family size. An individual is eligible to receive up to $496 in tax refunds. Moreover, the tax credit amount rises to $650 for married couples, while for every child below the age of 19, the payout is raised by an additional $171.

The GST/HST tax credit for the 2022 base year will be distributed between July 2023 and June 2024. The last GST/HST tax credit distribution date was on January 5, 2024.

It is important to note that the eligibility criteria and tax credit amounts are subject to change. For the most up-to-date information, please visit the official website of the Canada Revenue Agency.

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