The Canada benefit payment dates for 2024 have been released. Every year, Canadians receive benefit payments after filing their income taxes or applying for them.
Since most of them are automatically applied, we often 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 benefit payments in 2024, you’ve come to the right place.
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Here’s a breakdown of every benefit available to Canadians and when to expect them:
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, 2024
- April 5, 2024
- July 5, 2024
- October 4, 2024
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 15, 2024
- April 15, 2024
- July 15, 2024
- October 15, 2024
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 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
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 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
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, 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
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, 2024
- May 27, 2024
- August 27, 2024
- November 27, 2024
Canada workers benefit (CWB)
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 12, 2024
- July 12, 2024
- October 11, 2024
