Every year, Canadians receive benefit payments after filing their income taxes or applying for them.
Since most of them are automatically applied, we sometimes forget we’re even getting extra money. And if you happened to check your bank account , you may have even received a couple of these benefit payments already.
These are usually deposited via direct deposit but if you don’t have that set up, you’ll get them in the form of a cheque.
Not everyone is eligible for every benefit. But if you’re like us and would love to know when you’ll be receiving these payments in 2023, you’ve come to the right place.
And if you haven’t already heard, some Canadians are also getting a one-time payment to help low and modest-income families cope with Canada’s inflated prices.
Here’s a breakdown of every benefit available to Canadians and when to expect them:
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This sum will depend on who you live with, for example – a family of four with a net income of $35,000 will receive the full amount of $467, while single Canadians who are eligible with no children will get $234.
A single mother with one child and $30,000 in net income will receive $386.50 in addition to the $1,160 they receive through the GST Credit and a single senior, with $20,000 in net income will receive $233.50 – also in addition to the $701 they receive this benefit year through the GST Credit.
- July 5, 2023
Goods and services tax / harmonized sales tax (GST/HST) credit
The GST/HST credit is “a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay,” according to the Canadian government. Canadians are automatically considered for the GST/HST credit when taxes are filed. For more information, click here.
- January 5, 2023
- April 5, 2023
- July 5, 2023
- October 5, 2023
Climate action incentive payment
This benefit is a tax-free amount paid to help individuals and families “offset the cost of the federal pollution pricing.” Residents of Alberta, Saskatchewan, Manitoba, and Ontario receive this in quarterly tax-free payments. For more information as to how much and who is eligible, click here.
- January 13, 2023
- April 14, 2023
- July 14, 2023
- October 13, 2023
Canada child benefit (CCB)
The Canada child benefit is a tax-free monthly payment made to eligible families to help with the cost of raising children under 18. This is a benefit you apply for and may include the child disability benefit, including any related provincial and territorial programs, according to the government.
- January 20, 2023
- February 20, 2023
- March 20, 2023
- April 20, 2023
- May 19, 2023
- June 20, 2023
- July 20, 2023
- August 18, 2023
- September 20, 2023
- October 20, 2023
- November 20, 2023
- December 13, 2023
Canada Pension Plan
The Canada Pension Plan is a monthly, taxable benefit that replaces part of your income when you retire. To qualify, you must be at least 60 years old and have made at least one valid contribution to the CPP.
- January 27, 2023
- February 24, 2023
- March 29, 2023
- April 26, 2023
- May 29, 2023
- June 28, 2023
- July 27, 2023
- August 29, 2023
- September 27, 2023
- October 27, 2023
- November 28, 2023
- December 20, 2023
Ontario trillium benefit (OTB)
This benefit is a combination of the Ontario energy and property tax credit, Northern Ontario energy credit, and Ontario sales tax credit. It is usually divided by 12 and the payments are issued monthly. The amount you receive is based on your income tax and benefit return. Ontario only.
- January 10, 2023
- February 10, 2023
- March 10, 2023
- April 6, 2023
- May 10, 2023
- June 9, 2023
- July 10, 2023
- August 10, 2023
- September 8, 2023
- October 10, 2023
- November 10, 2023
- December 8, 2023
Alberta child and family benefit (ACFB)
The ACFB is a tax-free amount that is paid to families that have children under 18. The benefit becomes less if the family income exceeds $24,467. “If your adjusted family net income is between $24,467 and $41,000, you may receive a partial benefit,” according to the government. Alberta only.
- February 27, 2023
- May 26, 2023
- August 25, 2023
- November 27, 2023
Canada workers benefit (CWB) – Advance payment
This is a refundable tax credit that aims to help individuals and families who are working and are low-income. The benefit has two parts: a basic amount and a disability supplement. This is claimed when you file your income tax return, only if you’re eligible.
- January 5, 2023
Karen Doradea
Senior Staff Writer, Toronto – Karen is a multimedia journalist based in Toronto. With a strong knowledge of reporting and editing through all forms of media, she has a true passion for storytelling. She carries several years of journalistic experience and has covered the Toronto scene from local stories to national news. When Karen isn’t publishing fire content, you can find her binge-watching sitcoms on Netflix, at a must-try restaurant, or scrolling endlessly on TikTok looking for the next best thing – News never sleeps.
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