Thursday, July 9, 2026 Every July, a wave of federal benefit payments resets for the new benefit year — and 2026 brings one of the biggest shifts in years. Between a permanent 25% boost to the old GST/HST credit, a fresh Canada Child Benefit increase, and the largest quarterly OAS bump of the year, millions of Canadian households will see different numbers land in their accounts this month. Here's what actually changed, and what to check in your own CRA account. The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) . It's not a new program from scratch — it runs on the same CRA infrastructure and eligibility rules — but the payment amounts are 25% higher, and that increase is locked in for five years. The first CGEB payment went out on July 3, 2026. Under the new structure: A single individual with no children can receive up to roughly $679 per year (about $170 per quart...
The tech industry has been experiencing a wave of layoffs, with Google and Amazon being the latest companies to announce job cuts. According to a report by Challenger, Gray & Christmas, Inc., a job market research company, more than 720,000 tech jobs were cut in 2023, the highest yearly total since the Great Recession. Here are four worrying trends that are fueling these layoffs:
- Drive for profitability: Companies are under pressure to deliver profits to their shareholders, which is leading to cost-cutting measures such as layoffs.
- Remains of the pandemic hiring hangover: The pandemic forced many companies to hire more employees than they needed, and now they are cutting back to pre-pandemic levels.
- Rapidly developing AI: The rise of artificial intelligence is making some jobs redundant, leading to layoffs.
- Slowing inflation: Inflation has been slowing down, which is making it harder for companies to justify increasing salaries and hiring new employees.
The future of the tech industry is uncertain, but one thing is clear: companies need to adapt to the changing landscape to stay competitive.
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