Canadians Can Receive Payments From These Government Benefits & Credits In 2024

Eligibility for the GST/HST credit is automatic upon filing your taxes.

Payment Dates:

More about GST/HST credit

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Canada Child Benefit (CCB)

The Canada Child Benefit (CCB) is managed by the Canada Revenue Agency (CRA) and is a tax-free monthly allowance provided to qualifying families to assist with the expenses associated with raising children under the age of 18. The CCB may encompass the Child Disability Benefit and associated provincial and territorial programs, per the CRA.

Please note that starting on November 20, 2023, Canadians will be required to provide proof of birth when applying for the Canada Child Benefit.

Payment Dates:

More about the Canada Child Benefit

Climate Action Incentive Payment (CAIP)

The CAIP, a tax-free benefit, is provided to assist individuals and families in mitigating the expenses associated with federal pollution pricing, the CRA said.

Eligible residents of Alberta, Saskatchewan, Manitoba, and Ontario can access this benefit, which comprises a basic amount and an additional supplement for those residing in small and rural communities.

To qualify for this credit, you must be a resident of Canada for income tax purposes at the commencement of the month when the CRA issues the payment. Additionally, eligibility requires residency in an applicable CAIP province on the first day of the payment month.

Payment Dates:

More about the Climate Action Incentive Payment

Ontario Trillium Benefit (OTB)

The Ontario Trillium Benefit (OTB) consolidates the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit into a single payment. Normally, the annual OTB entitlement is divided by 12, and payments are distributed monthly.

Your 2024 OTB payments, determined by your 2023 income tax and benefit return, will be issued on the 10th of each month.

Payment Dates:

More about the Ontario Trillium Benefit

Advanced Canada Workers Benefit (ACWB)

According to the Canada Revenue Agency, the Canada Workers Benefit is described as “a refundable tax credit designed to assist individuals and families with low incomes who are actively employed.”

The maximum basic amount for the Canada Workers Benefit (CWB) is as follows:

For single individuals:

For families:

The Canada Revenue Agency (CRA) utilizes the following information to calculate your CWB refundable tax credit:

Payment Dates:

More about the Advanced Canada Workers Benefit

Alberta Child & Family Benefit (ACFB)

The Alberta Child and Family Benefit (ACFB) is a tax-free payment provided to families with children under 18 years old, per the CRA. For the period spanning July 2023 to June 2024, eligible recipients may qualify for the following amounts:

The benefit gradually decreases as family income exceeds $25,935. Families with adjusted net income between $25,935 and $43,460 may receive a partial benefit.

Additionally, families with a working income surpassing $2,760 may be eligible for the working income component:

This amount is reduced for adjusted family net incomes exceeding $43,460. ACFB payments, separate from the Canada Child Benefit (CCB) payments, are distributed in August, November, February, and May.

Payment Dates:

More about the Alberta Child & Family Benefit

Canada Pension Plan

According to the CRA, the Canada Pension Plan (CPP) retirement pension is a monthly, taxable benefit designed to supplement your income during retirement. If you meet the eligibility criteria, you will receive this pension for the entirety of your life. To qualify, you must:

It’s important to note that CPP payments are not automatic; you must submit an application. It is advisable by the CRA to apply in advance of your desired pension start date. The CRA aims to issue Canadians’ CPP retirement pension in the month corresponding to the start date they specify.

Payment Dates:

More about the Canada Pension Plan

Old Age Security (OAD)

The Old Age Security (OAS) pension is a monthly payment available to individuals aged 65 and older, according to the Canada Revenu Agency.

Typically, Service Canada will automatically enroll you for the OAS pension, and you will be notified if this automatic enrollment applies to you. However, if there is insufficient information for automatic enrollment, you may need to submit an application for the Old Age Security pension.

Payment Dates: