Canada’s federal government fast‑tracked Bill C‑19 on 14 February 2026, adding a one‑time spring top‑up equal to 50 % of the annual GST credit and raising the base credit by 25 % for five years. More than 12 million low‑income Canadians will receive the payment automatically via the CRA, with a family of four eligible for up to C$1,890 in 2026.
It equals 50 % of the annual GST credit.
In spring, delivered by direct deposit or cheque, the same way recipients normally receive the GST credit.
For five years.
Over 12 million low‑ and modest‑income Canadians.
Up to C$1,890 in combined support.
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Globe and Mail · 4 days ago
Canada Revenue Agency has confirmed that independent financial advisors will now need to collect and remit GST/HST on trailing commissions from mutual fund dealers, effective July 1, 2026. The rule applies to advisors whose taxable revenue from trailing commissions exceeds $30,000, while dealer employees remain exempt. The CRA’s notice clarifies that trailing commissions are no longer considered financial services for GST purposes.
Canadian Affairs · 9 days ago
Canada’s Parliament fast‑tracked legislation to boost the GST credit over six years at a cost of $12.4 billion, targeting low‑ and moderate‑income households. The credit will rise 50 % in 2024 and then increase by 25 % each year from July 2025, with a family of four eligible for up to $1,890 in 2026. The editorial critiques the lack of funding plans and the long‑term impact on the deficit.
Canadian Accountant · 16 days ago
This commentary highlights five significant Canadian GST/HST court decisions from 2025, covering topics from tobacco sales to insurance, medical services, optional term extensions, and Airbnb-listed condo sales. The rulings clarify exemption status, input tax credit eligibility, and the treatment of new supplies, providing guidance for tax planning and compliance in 2026.
The Globe and Mail · 18 days ago
Canada Revenue Agency has reversed its 35‑year position, treating mutual fund trailer commissions as subject to GST/HST. The change will take effect on July 1, 2026, requiring dealers to collect and remit the tax, while managers can recover it as input tax credits. Industry groups argue the implementation deadline is unrealistic and the change adds costs without revenue benefits.
The Star · 18 days ago
The article discusses Canada’s new Canada Groceries and Essentials Benefit, a top‑up to the GST credit announced by Prime Minister Mark Carney on January 26, 2026. The benefit totals $11.7 billion over six years, covering 12 million people, and recipients can spend the money on any goods or services. The benefit does not affect grocery GST, which remains exempt except for snacks.
VatCalc · 18 days ago
Canada has increased the maximum GST credit from $700 to $900 to help low‑income families cope with high food inflation. A family of four could receive up to $1,890 this year and about $1,400 annually for the next four years. Eligibility is based on filing a tax return, and the change comes amid a 6.2% food inflation rate in December 2025.
