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CRA Benefits 2024: All Benefit & Payment Dates

Understanding the intricacies of the Canada Revenue Agency (CRA) benefits becomes paramount in navigating the complex landscape of Canadian financial assistance.

As we approach the new year, this guide aims to explore the existing and projected CRA benefits for 2024, offering a roadmap for Canadians to optimize their financial well-being.

CRA Benefits Overview

The Canada Revenue Agency (CRA) plays a pivotal role in supporting Canadians through welfare payments and tax refunds.

In the face of economic challenges, these benefits serve as a crucial lifeline for individuals and families grappling with financial difficulties.

Existing Benefits

The CRA administers a range of benefits, including:

  • Ontario Trillium Benefit (OTB): Supporting Ontarians with financial assistance.
  • Climate Action Incentive Payment (CAIP): Encouraging environmentally conscious living.
  • Advance Payments: Providing proactive financial support.
  • Alberta Child and Family Benefit (ACFB): Assisting families in Alberta.
  • Goods and Services Tax/Harmonized Sales Tax Credit (GST/HST Credit): Alleviating the tax burden on goods and services.
  • Canada Child Benefit (CCB): Supporting families with children.

Projected Benefits for 2024

As we delve into 2024, Canadians can anticipate several noteworthy changes and increases in benefits:

  • CRA Payment Increase 2024: Expect enhanced financial support.
  • OAS Changes in 2024: Anticipated modifications to Old Age Security.
  • CAIP Changes 2024: Adjustments in Climate Action Incentive Payment.
  • CPP Benefit Increase 2024: An increase in Canada Pension Plan benefits.
  • OAS Increase 2024: Enhanced support through Old Age Security.
New Year New Enhancements in CPP 1

The Future of CRA Benefits

Benefit Payment Dates

Canadians must stay informed about the payment schedule. The following are the anticipated payment dates for 2024:

  • January 5, 2024: GST/HST Credit
  • January 19, 2024: Canada Child Benefit (CCB)
  • January 29, 2024: Old Age Security (OAS) and Canada Pension Plan
  • February 27, 2024: OAS and Canada Child Benefit (CCB)
  • March 20, 2024: Canada Child Benefit (CCB)
  • April 5, 2024: GST/HST Credit
  • April 19, 2024: Canada Child Benefit (CCB)
  • April 26, 2024: OAS and Canada Pension Plan

… and so forth, with payments extending throughout the year.

ALL CRA Benefits 2024 and Payment Dates

Canada Pension Plan (CPP) Payment Dates 2024

DateYear
January 292024
February 272024
March 262024
April 262024
May 292024
June 262024
July 292024
August 282024
September 252024
October 292024
November 272024
December 202024

GST/HST Tax Credit Payment Dates 2024

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

Old Age Security (OAS) Payment Dates 2024

  • 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 Child Benefit (CCB) Payment Dates 2024

  • 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

 Climate Action Incentive Payment (CAIP) Payment Dates 2024

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

Ontario Trillium Benefit (OTB) Payment Dates 2024

  • 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

Advanced Canada Workers Benefit (ACWB) Payment Dates 2024

  • January 12, 2024
  • July 12, 2024
  • October 11, 2024

Alberta Child & Family Benefit (ACFB) Payment Dates 2024

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

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Understanding CRA

The Canada Revenue Agency (CRA) stands as the key entity overseeing tax administration and collection in Canada.

Functioning similarly to the IRS in the United States, the CRA ensures fiscal compliance, and manages taxes, benefits, and associated programs, contributing to the economic and social well-being of Canadians.

In the face of economic uncertainties, navigating the intricacies of CRA benefits is crucial for Canadians seeking financial stability.

By staying informed about existing and projected benefits, as well as understanding the payment schedule, individuals can optimize their access to crucial financial support in 2024.