In October 2024, the Canada Revenue Agency (CRA) will roll out substantial payments aimed at supporting citizens through various welfare programs. Alongside regular monthly payments like the Canada Pension Plan (CPP) and Old Age Security (OAS), beneficiaries can expect specific quarterly payments from programs such as the Canada Carbon Rebate, GST/HST credits, Advanced Canada Worker Benefit, and Alberta Child and Family Benefit (ACFB). If you reside in Canada and pay taxes, this article provides essential details on the upcoming CRA payments, including release dates, types of benefits, and amounts.
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October CRA Benefit Payments 2024
One notable program is the Advanced Canada Worker Benefit, designed for employed Canadians seeking tax relief for their families. The next payment is scheduled for October 11, 2024. Eligible individuals aged 19 and older with an annual income of $23,495 can receive up to $1,428, while families may claim a maximum of $2,461.
Canada Carbon Rebate (CCR) Payment
The Canada Carbon Rebate offers tax-free payments to residents in various provinces. The next payment, set for October 15, 2024, follows the last one released in July. Alberta residents can receive up to $224 as individuals and $450 for families with more than four members.
GST and HST Payment Schedule
GST and HST credits are provided quarterly, with the next payment on October 5, 2024. Individuals can receive $519, couples up to $680, and families can claim $179 for each child under 19.
Regular CRA Payments in October 2024
In addition to the specific programs, monthly payments will be distributed as follows:
| Benefit | Payment Date | Maximum Monthly Payment |
|---|---|---|
| Canada Pension Plan (CPP) | October 29, 2024 | $1,175.83 |
| Old Age Security (OAS) | October 29, 2024 | $642.25 |
| Canada Child Benefit (CCB) | October 18, 2024 | $533.33 (under 6), $451.00 (6-17) |
| Ontario Trillium Benefit (OTB) | October 10, 2024 | Varies (OEPTC: $1,248, NOEC: $280, OSTC: $360) |
Checking Payment Status
Eligible Canadians can monitor their application status through the MY CRA account. If you encounter any discrepancies, ensure to resolve them before the payments are issued.
If you do not receive your payment within five working days of the scheduled date, you may file a complaint for assistance.
OAS Payment Dates 2024, Increase & More!
CPP & OAS Increase 2024: Future Benefits & What to Expect
GST/HST Payment Dates 2024: Who Qualify for Double CreditCRA OTB Notice: What It Means and How to Respond
$1250 Monthly OAS Payment September 2024: What You Need to Know
The upcoming October 2024 CRA benefit payments represent a critical support mechanism for Canadians, helping them manage living costs and providing essential assistance to families. Make sure to check your eligibility and stay informed about the payment schedules to take full advantage of these benefits.