CRA Benefit Payments October 2024: Do you know what benefit payments the Canada Revenue Agency (CRA) is making in October 2024? If you want to know about this, then you are in the right place! In this article, we will give you information about the amount, dates and eligibility of CRA payments. Whether you are employed or applying for any benefits, this information can be very important for you. Let’s find out how you can take advantage of these benefits and check your CRA Benefit Payments on the right date!
Do you know what benefit payments the Canada Revenue Agency (CRA) is making in October 2024? If you want to know about this, then you are in the right place! In this article, we will give you information about the amount, dates and eligibility of CRA payments. Whether you are employed or applying for any benefits, this information can be very important for you. Let’s find out how you can avail these CRA Benefits and check your CRA Benefit Payments on the right date!
Relief from rising costs: CRA’s move
As the cost of living is rising, the Canada Revenue Agency (CRA) is getting active to provide the necessary financial relief to Canadian citizens through various benefit programs. In October 2024, eligible individuals and families will receive several important payments. These CRA Benefit Payments are designed to provide assistance to low- and middle-income families.
Are temporary residents eligible for CRA benefits?
Yes, temporary residents, including international students, people who came to Canada for work, and people with a valid work permit, may be eligible for CRA benefits under certain conditions. If temporary residents are resident in Canada, meaning they usually live in Canada and have their place of residence here, and also meet income requirements, they can receive the Canada Child Benefit (CCB), GST/HST credits, and other benefits.
Canada Revenue Agency benefit plans
The Canada Revenue Agency (CRA) is going to release various benefit payments in October 2024. These include the Canada Child Benefit, GST/HST Credit, and Canada Workers Benefit. These payments provide very important financial support for low and middle-income families in Canada. Let’s find out how you can be eligible for these benefits, how much amount you will get, and what are the important dates.
Details of Canada Revenue Agency all plans
| Benefit Program | Payment Date | Maximum Amount | Eligibility |
| Canada Child Benefit (CCB) | October 18, 2024 | Up to $7,787/year per child under 6 | Canadian families with children under 18 |
| GST/HST Credit | October 4, 2024 | $519 for individuals, $680 for couples | Low- and moderate-income households |
| Canada Workers Benefit (CWB) | October 11, 2024 | $1,518 for individuals, $2,616 for families | Low-income workers |
| Canada Carbon Rebate (CCR) | October 15, 2024 | Varies by region | Residents of provinces with carbon pricing |
| Ontario Trillium Benefit (OTB) | October 10, 2024 | Up to $1,013/year | Low- and moderate-income Ontario residents |
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What benefit payments are coming in October 2024?
The month of October will be extremely busy for various benefit payments from the CRA. Here you will find detailed information about these payment programs:
Canada Child Benefit (CCB)
This tax-free monthly payment is for families who are raising children under the age of 18. For 2024, families with children under the age of 6 can receive up to $648.91 per month ($7,787 annually), while for children aged 6-17, the amount is up to $547.50 per month ($6,570 annually).
Next payment date: October 18, 2024
GST/HST Credit
This credit is designed to help individuals and families cover the cost of GST and HST on everyday goods and services. This benefit is issued on a quarterly basis and is tax-free.
For 2024: Single individuals can receive up to $519 annually, and couples up to $680. Families can receive an additional $179 for each child under 19.
Next payment date: October 4, 2024
Canada Workers’ Benefit (CWB)
This refundable tax credit is for individuals and families who are working but have limited income.
For 2024: Single individuals can receive up to $1,518 annually, and families up to $2,616. This payment is made on a quarterly basis, providing ongoing financial support.
Next payment date: October 11, 2024
Canada Carbon Rebate (CCR)
Formerly known as the Climate Action Incentive Payment (CAIP), the Canada Carbon Rebate helps Canadians reduce the burden of the federal carbon tax. This is for residents of provinces where federal carbon pricing is in place, such as Alberta, Saskatchewan, Manitoba, and Ontario. The amount of this rebate varies by province and territory, with additional amounts for residents of rural and smaller communities.
Next payment date: October 15, 2024
Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit combines three credits into one monthly payment: the Ontario Energy and Property Tax Credit, the Ontario Sales Tax Credit, and the Northern Ontario Energy Credit.
For 2024: The maximum payment is up to $1,013 annually, while individuals receiving the Northern Ontario Energy Credit may receive a higher amount.
Next payment date: October 10, 2024
