Month: January 2026

Canada Groceries and Essentials Benefit

The Canada Groceries and Essentials Benefit, will be indexed to inflation, and builds on the existing Goods and Services Tax (GST) Credit and provide $11.7 billion in additional support over six years by:

  1. providing a one-time top-up payment to be paid as early as possible this spring and no later than June 2026 (subject to Royal Assent)—equal to a 50% increase in the annual 2025-26 value of the GST Credit. This would deliver $3.1 billion in immediate assistance to individuals and families who currently get the GST Credit.
  2. increasing the value of the Canada Groceries and Essentials Benefit by 25% for five years starting in July 2026 (subject to Royal Assent). This increase would deliver $8.6 billion in additional support over the 2026-27 to 2030-31 period, including to 500,000 new individuals and families.

Canada Groceries and Essentials Benefit

Benefit amounts are illustrative, and do not reflect price indexation. Benefit years (July-June) are shown and top-up would be paid as early as possible in the spring of 2026 (no later than June, subject to Royal Assent).

Taken together, these measures would provide up to an additional $402 to a single individual without children, $527 to a couple, and $805 to a couple with two children. At these levels, Canada’s new government will be offsetting grocery cost increases beyond overall inflation since the pandemic.

After the one-time payment is made in the spring of 2026 (subject to Royal Assent), eligible families and individuals in Canada will receive the enriched regular payments under the Canada Groceries and Essentials Benefit as of July 2026 (subject to Royal Assent). The benefit will be paid quarterly, at the start of the quarter, to permit timely access to the funds to help families with day-to-day expenses. These amounts are additional to existing benefits such as the Canada Child Benefit, the Canada Disability Benefit, and the Guaranteed Income Supplement.

Under the proposed changes:

  • A single senior with $25,000 in net income would receive a one-time top-up of $267 plus a longer-term increase of $136 for the 2026-27 benefit year (total increase of $402). In total, they would receive $950 for the 2026-27 benefit year (including the top-up).
  • A couple with two children with $40,000 in net income would receive a one-time top-up of $533 plus an increase of $272 for the 2026-27 benefit year (total increase of $805). In total, they would receive $1,890 for the 2026-27 benefit year (including the top-up).
Table: Canada Groceries and Essentials Benefit, by family type*

Family Type
Maximum Base Amount for 2026-27 50% Top-Up 25% Increase to 2026-27 Amounts Total Increase 50% Top-Up + 2026-27 benefit year Total Benefits Received
50% Top-Up + 2026-27 benefit year
  (A) (B) (C) (B) + (C) = (D) (A) + (D)
Single $543 + $267  +$136 $402 $950
Couple, 2 kids $1,086 + $533 + $272 $805 $1,890

*Assuming Royal Assent by March 31, 2026. Numbers may not add up to totals due to rounding. Example for a single individual assumes no children.

Enabling legislation for the proposed one-time top-up and further five-year increase to the Canada Groceries and Essentials Benefit will be tabled in the coming weeks. The proposed one-time top-up amount would be paid to all current recipients as a one-time, lump-sum payment as early as possible in the spring of 2026 (no later than June) based on eligibility to the GST Credit in January 2026, pending Parliamentary approval and Royal Assent of enabling legislation. The new Canada Groceries and Essentials Benefit would continue to be delivered quarterly in July, October, January and April.

Recipients would not need to apply for the additional payments, but should file their 2024 tax return if they have not done so already to be able to receive the top-up, and must file their 2025 tax return to receive the increased Canada Groceries and Essentials Benefit payments as of July 2026.

It is estimated that 12.6 million individuals and families would benefit from the new Canada Groceries and Essentials Benefit, representing a material support to Canadians that need it the most, while the government’s plan to build the strongest economy in the G7 takes effect.

2026 Benefit Payment Dates

Excerpt from CRA Website

If you receive federal benefits, including some provincial/territorial benefits, you will receive payment on these dates. If you set up direct deposit, payments will be deposited in your account on these dates.

Canada Pension Plan
Includes the Canada Pension Plan (CPP) retirement pension and disability, children’s and survivor benefits.
Canada Disability Benefit Canada Child Benefit (CCB)
Includes related provincial and territorial programs.
  • January 28, 2026
  • February 25, 2026
  • March 27, 2026
  • April 28, 2026
  • May 27, 2026
  • June 26, 2026
  • July 29, 2026
  • August 27, 2026
  • September 25, 2026
  • October 28, 2026
  • November 26, 2026
  • December 22, 2026
  • January 15, 2026
  • February 19, 2026
  • March 19, 2026
  • April 16, 2026
  • May 21, 2026
  • June 18, 2026
  • July 20, 2026
  • August 20, 2026
  • September 17, 2026
  • October 15, 2026
  • November 19, 2026
  • December 17, 2026
  • January 20, 2026
  • February 20, 2026
  • March 20, 2026
  • April 20, 2026
  • May 20, 2026
  • June 19, 2026
  • July 20, 2026
  • August 20, 2026
  • September 18, 2026
  • October 20, 2026
  • November 20, 2026
  • December 11, 2026
Old Age Security
Includes Old Age Security pension, Guaranteed Income Supplement, Allowance and Allowance for the Survivor.
Ontario Trillium Benefit (OTB)
Includes Ontario energy and property tax credit (OEPTC), Northern Ontario energy credit (NOEC) and Ontario sales tax credit (OSTC).
 
  • January 28, 2026
  • February 25, 2026
  • March 27, 2026
  • April 28, 2026
  • May 27, 2026
  • June 26, 2026
  • July 29, 2026
  • August 27, 2026
  • September 25, 2026
  • October 28, 2026
  • November 26, 2026
  • December 22, 2026
  • January 9, 2026
  • February 10, 2026
  • March 10, 2026
  • April 10, 2026
  • May 8, 2026
  • June 10, 2026
  • July 10, 2026
  • August 10, 2026
  • September 10, 2026
  • October 9, 2026
  • November 10, 2026
  • December 10, 2026

 

Advanced Canada workers benefit (ACWB) GST/HST Credit
Includes related provincial and territorial programs.
 
  • January 12, 2026
  • July 10, 2026
  • October 9, 2026
  • January 5, 2026
  • April 2, 2026
  • July 3, 2026
  • October 5, 2026

 

Canadian Income Tax Rates for 2026

Excerpt from CRA Website

Federal income tax rates for 2026

Tax rate Taxable income threshold
14% on the portion of taxable income that is $58,523 or less, plus
20.5% on the portion of taxable income over $58,523 up to $117,045, plus
26% on the portion of taxable income over $117,045 up to $181,440, plus
29% on the portion of taxable income over $181,440 up to $258,482, plus
33% on the portion of taxable income over $258,482

See how amounts are adjusted for inflation.

2026 provincial and territorial income tax rates

Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax.

Newfoundland and Labrador income tax rates for 2026
Tax rate Taxable income threshold
8.7% on the portion of taxable income that is $44,678 or less, plus
14.5% on the portion of taxable income over $44,678 up to $89,354, plus
15.8% on the portion of taxable income over $89,354 up to $159,528, plus
17.8% on the portion of taxable income over $159,528 up to $223,340, plus
19.8% on the portion of taxable income over $223,340 up to $285,319, plus
20.8% on the portion of taxable income over $285,319 up to $570,638, plus
21.3% on the portion of taxable income over $570,638 up to $1,141,275, plus
21.8% on the portion of taxable income over $570,638 up to $1,141,275
Prince Edwards Island income tax rates for 2026
Tax rate Taxable income threshold
9.5% on the portion of taxable income that is $33,328 or less, plus
13.47% on the portion of taxable income over $33,328 up to $64,656, plus
16.6% on the portion of taxable income over $64,656 up to $105,000, plus
17.62% on the portion of taxable income over $105,000 up to $140,000, plus
19% on the portion of taxable income over $140,000
Nova Scotia income tax rates for 2026
Tax rate Taxable income threshold
8.79% on the portion of taxable income that is $30,995 or less, plus
14.95% on the portion of taxable income over $30,995 up to $61,991, plus
16.67% on the portion of taxable income over $61,991 up to $97,41, plus
17.5% on the portion of taxable income over $97,417 up to $157,124, plus
21% on the portion of taxable income over $157,124
New Brunswick income tax rates for 2026
Tax rate Taxable income threshold
9.4% on the portion of taxable income that is $52,333 or less, plus
14% on the portion of taxable income over $52,333 up to $104,666, plus
16% on the portion of taxable income over $104,666 up to $193,861, plus
19.5% on the portion of taxable income over $193,861
Quebec income tax rates for 2026
Ontario income tax rates for 2026
Tax rate Taxable income threshold
5.05% on the portion of taxable income that is $53,891 or less, plus
9.15% on the portion of taxable income over $53,891 up to $107,785, plus
11.16% on the portion of taxable income over $107,785 up to $150,000, plus
12.16% on the portion of taxable income over $150,000 up to $220,000, plus
13.16% on the portion of taxable income over $220,000
Manitoba income tax rates for 2026
Tax rate Taxable income threshold
10.8% on the portion of taxable income that is $47,564 or less, plus
12.75% on the portion of taxable income over $47,564 up to $101,200, plus
17.4% on the portion of taxable income over $101,200
Saskatchewan income tax rates for 2026
Tax rate Taxable income threshold
   
10.5% on the portion of taxable income that is $53,532 or less, plus
12.5% on the portion of taxable income over $54,532 up to $155,805, plus
14.5% on the portion of taxable income over $155,805
Alberta income tax rates for 2026
Tax rate Taxable income threshold
8% on the portion of taxable income that is $61,200 or less, plus
10% on the portion of taxable income over $61,200 up to $154,259, plus
12% on the portion of taxable income over $154,259 up to $185,111, plus
13% on the portion of taxable income over $185,111 up to $246,813, plus
14% on the portion of taxable income over $246,813 up to $370,220, plus
15% on the portion of taxable income over $370,220
British Columbia income tax rates for 2026
Tax rate Taxable income threshold
5.06% on the portion of taxable income that is $50,363 or less, plus
7.7% on the portion of taxable income over $50,363 up to $100,728, plus
10.5% on the portion of taxable income over $100,728 up to $115,648, plus
12.29% on the portion of taxable income over $115,648 up to $140,430, plus
14.7% on the portion of taxable income over $140,430 up to $190,405, plus
16.8% on the portion of taxable income over $190,405 up to $265,545, plus
20.5% on the portion of taxable income over $265,545
Yukon income tax rates for 2026
Tax rate Taxable income threshold
6.4% on the portion of taxable income that is $58,523 or less, plus
9% on the portion of taxable income over $58,523 up to $117,045, plus
10.9% on the portion of taxable income over $117,045 up to $181,440, plus
12.8% on the portion of taxable income over $181,440 up to $500,000, plus
15% on the portion of taxable income over $500,000
Northwest Territories income tax rates for 2026
Tax rate Taxable income threshold
5.9% on the portion of taxable income that is $53,003 or less, plus
8.6% on the portion of taxable income over $53,003 up to $106,009, plus
12.2% on the portion of taxable income over $106,009 up to $172,346, plus
14.05% on the portion of taxable income over $172,346
Nunavut income tax rates for 2026
Tax rate Taxable income threshold
4% on the portion of taxable income that is $55,801  or less, plus
7% on the portion of taxable income over $55,801 up to $111,602, plus
9% on the portion of taxable income over $111,602 up to $181,439, plus
11.5% on the portion of taxable income over $181,439

How to Recognize Fraudulent Requests Claiming to Be from Your Bank or the CRA

Fraudsters are getting more sophisticated — and they often impersonate trusted institutions like your bank or the Canada Revenue Agency (CRA). These scams can look convincing, sound urgent, and arrive by email, text, phone call, or even mail.

At TNT Books, we regularly see clients receive suspicious messages and wonder: Is this real? Knowing the warning signs can help protect your money, your identity, and your peace of mind.

Below are key ways to recognize fraudulent requests and what to do if you receive one.


Common Red Flags to Watch For

1. Urgent or Threatening Language

Scammers rely on panic. Messages may claim:

  • Your account will be frozen

  • You owe back taxes immediately

  • Legal action or arrest is imminent

  • Benefits will be cancelled unless you act now

Legitimate banks and the CRA do not threaten arrest, demand immediate payment, or pressure you to act instantly.


2. Requests for Personal or Login Information

Fraudulent messages often ask for:

  • SIN numbers

  • Online banking usernames or passwords

  • One-time verification codes

  • Credit card details

Neither your bank nor the CRA will ask for sensitive information by email, text, or unsolicited phone calls.


3. Unusual Payment Requests

Be very cautious if you’re asked to pay:

  • By gift cards

  • By cryptocurrency

  • By wire transfer

  • Through e-transfer to a personal email address

The CRA does not accept these forms of payment.


4. Suspicious Links or Email Addresses

Watch for:

  • Misspelled sender names or domains

  • Links that don’t match official websites

  • Generic greetings like “Dear Customer” instead of your name

When in doubt, do not click. Go directly to the official website by typing it into your browser.


How the CRA Actually Communicates

The CRA typically contacts taxpayers by:

  • Mail (especially for formal notices)

  • Secure messages within your CRA My Account

  • Phone calls (but they will never demand immediate payment or threaten arrest)

If you’re unsure, log in to CRA My Account or call the CRA using the phone number listed on their official website — not the one provided in the message.


What to Do If You Receive a Suspicious Request

  1. Pause. Don’t click, reply, or provide information.

  2. Verify independently. Contact your bank or the CRA using official contact details.

  3. Report the scam.

    • CRA scams: report to the CRA and the Canadian Anti-Fraud Centre

    • Banking scams: notify your financial institution immediately

  4. Let your accountant know. Especially if the message relates to taxes, payroll, or business accounts.


Why This Matters for Small Businesses

Business owners are frequent targets because scammers know:

  • You manage multiple accounts

  • You deal with payroll and remittances

  • You may expect CRA communication

One wrong click can lead to financial loss or data breaches. Staying cautious is part of protecting your business.

Need a Second Opinion?

 

If you receive a message claiming to be from the CRA or your bank and aren’t sure if it’s legitimate, TNT Books is happy to help you assess it. A quick check can prevent a costly mistake.

Staying informed is one of the best defenses against fraud — and we’re here to help you stay protected.