CRA Benefit Payments in October 2024: The Canada Revenue Agency (CRA) is set to distribute the country’s five key benefits in October 2024, aimed at providing financial assistance to eligible individuals. These payments are issued either monthly or quarterly, depending on the specific benefit. It is crucial to stay informed about the eligibility requirements to ensure timely and accurate transactions. Recipients will receive their payments on the scheduled date through either direct deposit or cheque, based on their selected method.
Please note that if a payment date coincides with a federal holiday or weekend, the payment will be issued on the preceding business day. In case of delays or issues, beneficiaries are advised to reach out to the CRA for resolution. Continue reading to learn more about the upcoming CRA benefits payments scheduled for October 2024.
CRA Benefit Payments 2024: Overview
| Benefits Name | Canada Child Benefit, GST/HST Payment, Advanced Canada Workers Benefit, Canada Carbon Rebate, Ontario Trillium Benefit |
| Department | Canada Revenue Agency (CRA) |
| Country | Canada |
| Year | 2024 |
| Beneficiaries | Individuals receiving CCB, ACWB, CCR, OTB, and GST/HST payments |
| Payment Dates | Refer to the schedule below |
| Category | Government Support Programs |
| Official Website | canada.ca |
5 Upcoming CRA Benefit Payments for October 2024
The Canada Revenue Agency (CRA) offers a range of benefits across the country for eligible individuals. These include the Advanced Canada Workers Benefit, Canada Child Benefit, GST/HST Credit, Canada Carbon Rebate, and Ontario Trillium Benefit. All five benefits are set to have their next payments issued next month. They aim to support beneficiaries and their families, particularly those with low to moderate incomes.
Whether you are an existing recipient of these benefits, new to them, or considering applying, it is crucial to remain informed about eligibility requirements, payment schedules, and other essential details. Any updates from the CRA will be available on their official website at canada.ca.
Benefits Offered by the Canada Revenue Agency in 2024
The agency offers a variety of benefits across the country. Below are some highlights:
Canada Child Benefit
This benefit consists of a tax-exempt monthly payment available to eligible families. It assists them in covering the expenses associated with raising children under the age of eighteen. The Canada Revenue Agency (CRA) determines the payment amount for recipients based on their Adjusted Family Net Income (AFNI). Importantly, this amount is reassessed every year in July.
Eligibility
To qualify for the Canada Child Benefit (CCB), the applicant must be a resident of Canada and primarily responsible for the care of a child under eighteen years of age. Additionally, they must have submitted their tax returns for the previous year.
Goods and Services Tax/Harmonized Sales Tax
The GST/HST Payment is issued quarterly to families with low income. This payment is tax-free and serves to help mitigate the GST/HST expenses incurred by these households. There is no application process necessary for this benefit, as eligibility is determined based on tax filings. If you meet the criteria, you will be automatically enrolled.
Eligibility
To qualify, the recipient must be at least 19 years old and a legal resident of Canada. Additionally, they must have filed their taxes for the previous year.
Advanced Canada Workers Benefit
This benefit is a refundable tax credit aimed at employed individuals with low income. There are two parts to it: a base amount and a disability bonus. This credit can be claimed during the tax filing process. Its purpose is to provide extra financial assistance and promote employment across the country, thereby easing financial burdens.
Eligibility
To be eligible, the beneficiary must be 19 years of age or older and reside in Canada. Their net income should also fall below a specified income threshold.
Also Read: $1518 Extra Financial Help For Seniors In Canada 2024: Know Eligibility & More Details
Ontario Trillium Benefit
This benefit offers financial assistance to Ontario residents. It encompasses three credits: the Ontario Sales Tax Credit, the Northern Ontario Energy Credit, and the Ontario Energy and Property Tax Credit. Usually, payments are made on the tenth of the month. Enrollment in this program is based on the information provided in your tax return.
Eligibility
Beneficiaries must be Ontario residents who have submitted a tax return for the previous year. They must qualify for at least one of the three credits mentioned above.
Canada Carbon Rebate
Previously known as the Climate Action Incentive Payment, the Canada Carbon Rebate aims to assist individuals in managing costs associated with federal pollution pricing. This rebate ensures that individuals are not adversely impacted by environmental policies.
Eligibility
Residents of Ontario, Manitoba, Alberta, New Brunswick, Nova Scotia, Saskatchewan, Prince Edward Island, and Newfoundland and Labrador are eligible for this benefit, as it relates to federal pollution pricing.
CRA Benefits Payment Dates 2024
The Canada Revenue Agency (CRA) distributes several benefits, including the Canada Child Benefit, HST/GST Payment, Advanced Canada Workers Benefit (ACWB), Canada Carbon Rebate, and Ontario Trillium Benefit on specific dates. While some benefits are issued quarterly, others are provided monthly. Below is the complete schedule for CRA Benefits Payment Dates in 2024:
Canada Child Benefit
| Months | Canada Child Benefit Payment Date 2024 |
|---|---|
| January 2024 | 19th |
| February 2024 | 20th |
| March 2024 | 20th |
| April 2024 | 19th |
| May 2024 | 17th |
| June 2024 | 20th |
| July 2024 | 19th |
| August 2024 | 20th |
| September 2024 | 20th |
| October 2024 | 18th |
| November 2024 | 20th |
| December 2024 | 13th |
Goods and Services Tax/Harmonized Sales Tax
| Quarters | GST/HST Payment Dates 2024 |
|---|---|
| 1 | 5th January 2024 |
| 2 | 5th April 2024 |
| 3 | 5th July 2024 |
| 4 | 4th October 2024 |
Advanced Canada Workers Benefit
| Quarters | Advanced Canada Workers Benefit Payment Dates 2024 |
|---|---|
| 1 Quarter | 12th January 2024 |
| 2 Quarter | 12th July 2024 |
| 3 Quarter | 11th October 2024 |
Ontario Trillium Benefit
| Months | Ontario Trillium Benefit Payment Date 2024 |
|---|---|
| January 2024 | 10th |
| February 2024 | 9th |
| March 2024 | 8th |
| April 2024 | 10th |
| May 2024 | 10th |
| June 2024 | 10th |
| July 2024 | 10th |
| August 2024 | 9th |
| September 2024 | 10th |
| October 2024 | 10th |
| November 2024 | 8th |
| December 2024 | 10th |
Canada Carbon Rebate
| Quarters | Canada Carbon Rebate Payment Dates 2024 |
|---|---|
| 1 | 15th January 2024 |
| 2 | 15th April 2024 |
| 3 | 15th July 2024 |
| 4 | 15th October 2024 |
Conclusion
The Canada Revenue Agency’s (CRA) upcoming benefit payments in October 2024 will provide essential financial support to eligible individuals and families across the country. By understanding the eligibility requirements, payment schedules, and available benefits, recipients can ensure timely receipt of their payments. The CRA’s benefits, including the Canada Child Benefit, GST/HST Credit, Advanced Canada Workers Benefit, Canada Carbon Rebate, and Ontario Trillium Benefit, aim to alleviate financial burdens and promote well-being. Stay informed, and visit the official CRA website ((link unavailable)) for updates and resources.
FAQs
What benefits will the CRA distribute in October 2024?
The CRA will distribute the Canada Child Benefit, GST/HST Credit, Advanced Canada Workers Benefit, Canada Carbon Rebate, and Ontario Trillium Benefit.
How often are CRA benefits paid?
CRA benefits are paid either monthly or quarterly, depending on the specific benefit.
What if a payment date falls on a federal holiday or weekend?
Payments will be issued on the preceding business day.