The Canada Revenue Agency (CRA) administers several benefit programs that provide financial assistance to Canadian residents. October 2024 is a crucial month for several CRA benefit payments, including the Canada Child Benefit (CCB), GST/HST Credit, Canada Workers Benefit (CWB), Canada Carbon Rebate (CCR), and the Ontario Trillium Benefit (OTB). These payments are designed to support families, low-income individuals, and residents in provinces impacted by carbon pricing.
This article provides detailed information on the benefit programs, payment amounts, dates, eligibility criteria, and the latest updates from CRA.
Canada Revenue Agency October 2024 Benefit Payments:
1. Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) is a tax-free monthly payment made to families with children under the age of 18. It helps Canadian families with the cost of raising children.
Payment Amount
- Up to $7,787/year per child under the age of 6.
- Up to $6,807/year per child aged 6 to 17.
October 2024 Payment Date
- October 18, 2024
Eligibility
- Canadian families with children younger than 18 years old.
- Eligibility is determined based on income, marital status, and the number of children in the household.
2. GST/HST Credit
The GST/HST Credit provides tax-free quarterly payments to help low- and moderate-income individuals and families offset the goods and services tax/harmonized sales tax (GST/HST) they pay.
Payment Amount
- $519 for individuals.
- $680 for couples.
October 2024 Payment Date
- October 4, 2024
Eligibility
- Available to low- and moderate-income households based on the income tax return filed.
- Eligibility is automatically assessed when Canadians file their tax returns.
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3. Canada Workers Benefit (CWB)
The Canada Workers Benefit (CWB) is a refundable tax credit designed to provide financial assistance to low-income workers.
Payment Amount
- $1,518 for individuals.
- $2,616 for families.
October 2024 Payment Date
- October 11, 2024
Eligibility
- Low-income workers who are earning income but need additional financial support.
- Eligibility depends on annual income and family size.
4. Canada Carbon Rebate (CCR)
The Canada Carbon Rebate (CCR), also known as the Climate Action Incentive (CAI), is designed to return the proceeds from carbon pricing directly to residents in provinces that do not have their own carbon pricing systems.
Payment Amount
- Varies by region (e.g., higher in provinces like Alberta, Ontario, and Manitoba).
October 2024 Payment Date
- October 15, 2024
Eligibility
- Residents of provinces with a federal carbon pricing system, including Alberta, Saskatchewan, Manitoba, and Ontario.
5. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) brings together three different credits: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit. It provides assistance to low- and moderate-income Ontario residents.
Payment Amount
- Up to $1,013/year for eligible individuals.
October 2024 Payment Date
- October 10, 2024
Eligibility
- Low- and moderate-income Ontario residents.
- Eligibility is determined based on residency, income, and property ownership or rental status.
Also Read:
$500 Canada Housing Benefit 2024: Eligibility, How to Claim & More
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Payment Schedule for October 2024
| Benefit Program | Payment Date |
| GST/HST Credit | October 4, 2024 |
| Canada Workers Benefit | October 11, 2024 |
| Ontario Trillium Benefit | October 10, 2024 |
| Canada Carbon Rebate | October 15, 2024 |
| Canada Child Benefit | October 18, 2024 |
Conclusion
October 2024 is packed with important CRA benefit payments, including the Canada Child Benefit (CCB), GST/HST Credit, Canada Workers Benefit (CWB), Canada Carbon Rebate (CCR), and the Ontario Trillium Benefit (OTB). These benefits provide vital financial support to eligible individuals and families across Canada.
For the most up-to-date information, including how to apply and check your payment status, visit the official Canada Revenue Agency website Canada.ca.
FAQs
1. How do I know if I’m eligible for these benefits?
Eligibility depends on factors such as income, household size, and place of residence. CRA assesses your eligibility when you file your income tax return.
2. How can I check my benefit payment amounts and dates?
You can check your benefit payments by logging into your CRA My Account on the Canada.ca website.
3. What happens if I miss a payment?
If you believe you missed a payment, you should check your CRA My Account or contact the CRA directly for assistance.
4. Are these payments taxable?
Most of these payments, such as the Canada Child Benefit and GST/HST Credit, are tax-free. However, the Canada Workers Benefit is considered a refundable tax credit.
5. How are these benefits paid?
Payments are typically made through direct deposit into your bank account or by cheque if you haven’t enrolled in direct deposit.