6 Federal Benefits, Credits & Payments You Can Get Money From In 2024 If You’re Single

The maximum basic amount for the CWB is $1,428 for single individuals. That’s gradually reduced if your adjusted net income is more than $23,495.

No basic amount is paid out if your adjusted net income is more than $33,015.

The maximum amount for the disability supplement is $737 for single individuals. That’s gradually reduced if your adjusted net income is over $33,018.

No disability supplement is paid if your adjusted net income is more than $37,932.

The ACWB payment dates this year are:

Canada Pension Plan

The Canada Pension Plan (CPP) retirement pension is a monthly, taxable benefit that replaces part of your income when you retire.

If you qualify, you’ll get CPP payments for the rest of your life.

To qualify for CPP you must be at least 60 years old and have made at least one valid contribution to the CPP.

For 2024, the maximum monthly CPP amount you could receive if you start your pension at age 65 is $1,364.60.

The CPP payment dates for this year are:

Old Age Security

The Old Age Security (OAS) pension is a monthly payment you can get if you’re 65 years of age and older.

In most cases, Service Canada will automatically enroll you for OAS and you don’t have to apply.

Maximum monthly payment amounts for OAS are $713.34 if you’re 65 to 74 years old and $784.67 if you’re 75 years of age and older.

OAS payment dates this year are:

Canada Child Benefit

If you’re a single parent, you can still get money from the Canada Child Benefit.

The Canada Child Benefit (CCB) is a tax-free monthly payment to help with the cost of raising children under 18 years old.

You could get a maximum CCB payment of $7,437 per year — $619.75 per month — for each child under six years old and $6,275 per year — $522.91 per month — for each child 6 to 17 years old.

If your adjusted family net income is under $34,863, you get the maximum amount for each child.

Your payments gradually start decreasing when the adjusted family net income is more than $34,863.

CCB payment dates this year are:

Climate action incentive payment

The climate action incentive payment is a tax-free amount that’s paid to help eligible people offset the cost of federal pollution pricing.

How much money you get depends on your family situation but you can get payments even if you’re not married and if you’re a single parent.

In Alberta, the payment is $193 for an individual, $48.25 per child under 19, and $96.50 for the first child in a single-parent family each quarter.

Saskatchewan offers $170 for an individual, $42.50 per child under 19, and $85 for the first child in a single-parent family.

In Manitoba, quarterly payments are $132 for an individual, $33 per child under 19, and $66 for the first child in a single-parent family.

Ontario’s climate action incentive payment gives $122 for an individual, $30.50 per child under 19, and $61 for the first child in a single-parent family each quarter.

New Brunswick has quarterly payments of $92 for an individual, $23 per child under 19, and $46 for the first child in a single-parent family.

P.E.I. offers $120 for an individual, $30 per child under 19, and $60 for the first child in a single-parent family every quarter.

Nova Scotia’s climate action incentive payment gives $124 for an individual, $31 per child under 19, and $62 for the first child in a single-parent family each quarter.

In Newfoundland and Labrador, quarterly payments are $164 for an individual, $41 per child under 19, and $82 for the first child in a single-parent family.

So, with four payments in 2024, you could get from $368 to $772 for yourself and hundreds of more dollars if you’re a single parent.

The climate action incentive payment dates are: