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CRA Benefit & Payment Dates December 2023 – When You Will Receive CRA Benefits & Payment in December & How Much?

In the ever-evolving landscape of government assistance, the Canadian government is set to disburse crucial benefit payments to eligible individuals in December 2023, providing a lifeline for financial security. The Canada Revenue Agency (CRA) Benefit Payment 2023 aims to supplement annual earnings, offering recipients a much-needed financial boost. This comprehensive guide will navigate you through the intricacies of the CRA Benefit December Payment 2023 Schedule, ensuring you stay informed and prepared.

Understanding CRA Benefit Payment 2023

The Canadian government, committed to fostering stability and sufficiency in the lives of its citizens, disburses a variety of benefits on a monthly basis. These benefits, ranging from Old Age Security to the Canada Pension Plan, Canadian Child Benefit (CCB), Alberta Child and Family Benefit (ACFB), and veteran disability pension, are essential components of the social and economic support system.

CRA Payment Dates December 2023: What to Expect

The CRA meticulously sets the timing and rates for each benefit payment, tailoring them to specific conditions such as housing, child benefits, old age pensions, children’s schooling, and disability. To ensure you are well-prepared, let’s delve into the specifics of CRA Payment Dates December 2023 for key benefits:

Old Age Security and Canada Pension Plan (CPP)

For recipients of Old Age Security and Canada Pension Plan, payments are disbursed separately through direct deposits or checks in the mail. If eligible for the Guaranteed Income Supplement (GIS), it will be deposited alongside the OAS benefit payment. These payments are issued monthly or quarterly, offering financial support to qualified Canadians.

Canada Government Benefits 2023: A Comprehensive Overview

The benefits provided by the Canadian government in 2023 encompass various programs designed to address specific needs. Some of the notable benefits include:

  1. Canada Child Benefits (CCB): Aimed at supporting families with children under 18, CCB provides tax-free financial assistance.
  2. GST/HST Credit: Individuals and families with low to moderate incomes receive quarterly payments to offset the goods and services tax/harmonized sales tax.
  3. Alberta Child and Family Benefit (ACFB): Specifically for Alberta residents, ACFB offers financial assistance to families with children under 18.
  4. Canada Workers Benefit (CWB): Accessible through ACWB, this benefit, introduced in 2022, provides financial support to eligible individuals in three installments without the need for advance applications.
  5. Veterans Disability Pension: Monthly payments are made to qualifying veterans based on their service history and the severity of their illnesses.
  6. Ontario Trillium Benefit (OTB): Eligible Ontarians with low to moderate incomes may qualify for credits such as Ontario Sales Tax Credit, Ontario Energy and Property Tax Credit, and Northern Ontario Energy Credit.

Payment Dates for Key Benefit Programs

For your convenience, here are the payment dates for several key benefit programs:

Canada Pension Plan (CPP) Payment Dates

Payments are scheduled on specific dates each month, with the amount varying based on the type of pension or benefit.

  • November 28, 2023
  • December 20, 2023
  • 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

CPP Benefit Amounts 2023:

  • Retirement pension (at age 65): AMA – November 28, 2023, MMP – CAD 1,306.57
  • Post-retirement benefit (at age 65): AMA – CAD 9.53, MMP – CAD 40.25
  • Disability benefit: AMA – CAD 1,078.07, MMP – CAD 1,538.67
  • Post-retirement disability benefit: AMA – CAD 524.64, MMP – CAD 558.74
  • Survivor’s pension – younger than 65: AMA – CAD 480.52, MMP – CAD 707.95
  • Survivor’s pension – 65 or older: AMA – CAD 313.59, MMP – CAD 783.94
  • Children of disabled CPP contributors: AMA – CAD 264.53, MMP – CAD 281.72
  • Children of deceased CPP contributors: AMA – CAD 264.53, MMP – CAD 281.72
  • Death benefit: AMA – CAD 2,499.44, MMP – CAD 2,500.00
  • Combined survivor’s and retirement pension (at age 65): AMA – CAD 914.53, MMP – CAD 1,313.13
  • Combined survivor’s pension and disability benefit: AMA – CAD 1,158.95, MMP – CAD 1,542.77

Old Age Security (OAS) Payment Dates

  • November 28, 2023
  • December 20, 2023
  • 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

OAS payments are disbursed monthly on designated dates, ensuring financial support for seniors.

GST/HST Credit Payment Dates

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

Quarterly payments are made to eligible individuals, providing relief from the costs associated with goods and services taxes.

Canada Child Benefit (CCB) Payment Dates

  • November 20, 2023
  • December 13, 2023
  • 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

Monthly payments support families with children, offering financial assistance throughout the year.

Ontario Trillium Benefit (OTB) Payment Dates

  • November 10, 2023
  • December 8, 2023
  • January 10, 2024
  • February 9, 2024
  • March 8, 2024
  • April 10, 2023
  • May 10, 2024
  • June 10, 2024
  • July 10, 2024
  • August 9, 2024
  • September 10, 2024
  • October 10, 2024
  • November 8, 2024
  • December 10, 2024

Eligible Ontarians receive credits on specified dates, contributing to their financial well-being.

Conclusion: Empowering You with Information

As December approaches, the CRA is dedicated to ensuring that all eligible Canadians receive the benefits they are entitled to. To stay informed about the latest updates and to assist your clients in maximizing their benefits, share this information widely. The CRA’s commitment to financial stability underscores its role in promoting the well-being of citizens, contributing to both individual prosperity and the nation’s economic growth.