New CRA Benefits 2024 Payment Dates – CPP, CWB, OAS, GST/HST

CRA Benefits 2024

CRA Benefits are aimed to promote financial Canadians with low and moderate income, to cope with high cost of living. If you’re a Canadian receiving CRA Benefits 2024, the Canada Revenue Agency will put payment into your account if you have a direct deposit. 

CRA Benefits 2024 Payment Dates

Here are the various Canada Government benefits payment dates in 2024.

Canada Pension Plan (CPP) Payment Dates 2024

CPP benefit is a monthly payment provided to Canadians below age 60, who are in low income category. The benefit is qualified for those who made contributions to CRA plan during their earning period. Qualified individuals can check their payment status via their Social Insurance Number.

CPP includes benefits for survivors, children, and the Canada Pension Plan (CPP), as well as retirement and disability payments.

Below are the CPP 2024 payment dates:

  • January 29, 2024
  • February 27, 2024
  • March 26, 2024
  • April 26, 2024
  • May 29, 2024
  • June 26, 2024
  • July 29, 2024
  • August 28, 2024
  • September 25, 2024
  • October 29, 2024
  • November 27, 2024
  • December 20, 2024

Canada Workers Benefit(CWB) Date 2024

Canada Workers benefit is a refundable tax benefit to help Canadians with low-income. Eligible families are expected to receive $2,461, while singles may receive $1,428. The payment is in three installments.

CWB benefit are in two parts: Basic and Disability Supplement. To be eligible, individual working income must be less than the set income threshold. Due to the high rising cost of living, qualified families will receive more money direct in their bank account.

The table below indicates 2024 CWB CRA benefits payment dates:

Payment InstallmentsCWB CRA Benefits Payment Dates
1st installmentJanuary 12, 2024
2nd installment July 12, 2024
3rd installment October 11, 2024

Child Care Benefits 2024 Payment Dates

The CCB benefit is provided to families with a child below 18 years. To qualify for the benefit, the child must have disability (mental or physical impairment). The benefit is provided until the child reach age 25. Qualified families will receive in their bank account $264.41 monthly up to $3143 annually.

CCB payment is recalculated every July. The payment is made 20th of every month. In case it falls on a weekend or holiday the payment will be before the set date. Parents having shared custody will receive 50% of the amount each.

The Child Care CRA Benefits 2024 payment dates is as follows:

  • January 19, 2024
  • February 20, 2024
  • March 20, 2024
  • April 19, 2024
  • May 17, 2024
  • June 20, 2024
  • July 19, 2024
  • August 20, 2024
  • September 20, 2024
  • October 18, 2024
  • November 20, 2024
  • December 13, 2024

Ontario Trillium Benefit (OTB) Date 2023—2024

The Ontario Trillium benefit include the Ontario Sales Tax Credit (OSTC), the Northern Ontario Energy Credit (NOEC), and the Ontario Energy and Property Tax Credit (OEPTC). The payment is made on 10th each month. The payment is $360. First time individual receive one lump sum payment.

Here are 2024 Ontario Trillium CRA Benefits payment dates:

  • January 10, 2024
  • February 9, 2024
  • March 8, 2024
  • April 10, 2024
  • May 10, 2024
  • June 10, 2024
  • July 10, 2024
  • August 9, 2024
  • September 10, 2024
  • October 10, 2024
  • November 8, 2024
  • December 10, 2024

Alberta Child and Family Benefit (ACFB) Dates 2024

The ACFB is a non taxable benefit provided to families whose children are below 18 years. The payment for first qualified child receive $1410 and $705 for the second child.

If individual income exceeds $25935, the benefit often get decreased. Where the family working income is $ 2760, first child will get $722 and the second child will receive $657.

Below are 2024 Alberta Child and Family CRA Benefits payment dates:

  • February 27, 2024
  • May 27, 2024
  • August 27, 2024
  • November 27, 2024

Old Age Security (OAS) 2024 Payment Dates

Comprises the Old Age Security pension, the Survivor’s Allowance, the Guaranteed Income Supplement, and the allowance. The amount have increased from CAD 66,500 to CAD 68,500. The payment is made every month via direct deposit.

OAS benefits increases after individual attains the age of 75 years. Qualified individuals receive the payment on the 3rd last day of the month. In case it’s on a holiday, individual will receive payments on the previous working day.

Below are 2024 OAS CRA benefits payment dates:

  • January 29, 2024
  • February 27, 2024
  • March 26, 2024
  • April 26, 2024
  • May 29, 2024
  • June 26, 2024
  • July 29, 2024
  • August 28, 2024
  • September 25, 2024
  • October 29, 2024
  • November 27, 2024
  • December 20, 2024

GST/HST Credit Payment Dates 2024

Here are GST/HST CRA benefits payment dates for Canadians in 2024:

  • January 5, 2024
  • April 5, 2024
  • July 5, 2024
  • October 4, 2024

The Goods and Services Tax/Harmonized Sales Tax is a quarterly payment to Canadians with low-moderate income to help them offset their tax burden. Eligible individuals and families are expected to receive up to $650 for married couples or common-law partners, $171 for a child under 18, while single individuals may receive up to $496.

Qualified individual receive payments on 5th of the quarter month via direct deposit and Paycheck. Direct deposit is instant while Paycheck may take 10-15 days. The amount is based on family net income and the number of children below age 18 years.

Climate Action Incentive Payment Dates 2024

For citizens of Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan, there is a basic amount as well as a rural bonus.

  • January 15, 2024
  • April 15, 2024
  • July 15, 2024
  • October 15, 2024

2024 Veteran Disability Pension Payment Dates

It is a tax free benefit to support financial well being of the Canadians. The benefit is based on your condition and the service. Qualified individuals can apply via “My VAC account”.

To quality, one must be:

  • A Canadian armed force member
  • A Second World War member
  • Royal Canadian mounted police member

The Veteran Disability Pension CRA benefits payments are made on the last day each month. In case it’s on a holiday, individual receive payment earlier.

Here are the 2024 Veteran Disability Pension payment dates:

  • 30 January, 2024
  • 28 February, 2024
  • 27 March, 2024
  • 29 April, 2024
  • 30 May, 2024
  • 27 June, 2024
  • 30 July, 2024
  • 29 August, 2024
  • 26 September, 2024
  • 30 October, 2024
  • 28 November, 2024
  • 30 December, 2024

CRA Benefits 2024 Frequently Asked Questions

How Much will CPP be in 2024?

The CPP rate for employer and employee in 2024 will remain at 5.95%. The maximum contribution limit will rise to $3,867.50.

Will seniors get a raise in 2024 in Canada?

Yes, OAS benefits will get a raise by 0.8% for Jan-March 2024 quarter, an increase of 3.7% from January 2023 to January 2024.

Author

  • Scolastica Mundia

    Scolastica is both an author and a profound entrepreneur. Through her writing, she strive to make financial literacy accessible to all. Whether it's budgeting, investing, or planning for the future, she provide insights, strategies, and motivation to help you succeed.

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