The Canada Revenue Agency (CRA) plays a crucial role in providing various financial benefits to people living in Canada. These benefits help families, individuals, and specific groups manage their financial needs more effectively. Knowing the payment schedules for these benefits is essential to receiving them on time, avoiding delays, and managing your finances well.
This article outlines the payment dates for CRA benefits in 2024. It covers several benefits, including the Canada Child Benefit (CCB), GST/HST Credit, Ontario Trillium Benefit (OTB), and more. By staying informed, you can better plan your budget and ensure you receive your payments promptly.
CRA Benefits Payment Dates 2024
The official CRA payment dates for 2024 have been published. Beneficiaries should check the official CRA website or contact their local CRA office to verify any changes in the schedule.
| Month | Canada Child Benefit (CCB) | GST/HST Credit | Ontario Trillium Benefit (OTB) | Canada Carbon Rebate | Advanced Canada Workers Benefit (ACWB) | Alberta Child and Family Benefit (ACFB) |
|---|---|---|---|---|---|---|
| November | 20 November | – | 8 November | – | – | 27 November |
| December | 13 December | – | 10 December | – | – | – |
Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) is a tax-free monthly payment made to eligible families with children under 18. The CCB helps families with the cost of raising children. Payment amounts are based on the number of children, their ages, and the family’s income.
GST/HST Credit
The Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit is a quarterly payment that offsets the cost of GST or HST for low-income individuals and families. This benefit helps reduce the financial burden of consumption taxes.
Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) combines three credits into one monthly payment: the Ontario Sales Tax Credit, the Ontario Energy and Property Tax Credit, and the Northern Ontario Energy Credit. This benefit assists individuals and families with property and energy costs.
Canada Carbon Rebate
The Canada Carbon Rebate is a quarterly payment provided to individuals and families to offset the cost of carbon pricing. This rebate encourages Canadians to reduce their carbon footprint while easing the financial impact of carbon taxes.
Advanced Canada Workers Benefit (ACWB)
The ACWB is a monthly payment provided to low-income workers. This benefit supplements the earnings of working individuals and families, encouraging employment and reducing poverty.
Alberta Child and Family Benefit (ACFB)
The ACFB is a quarterly payment for eligible families in Alberta with children under 18. This benefit supports families in managing the cost of raising children.
Reasons for Delay in CRA Payments
There are several reasons why payments from the Canada Revenue Agency (CRA) might be delayed. The most common reasons include:
- If a scheduled payment date falls on a weekend or a public holiday, the payment will be processed on the next business day, causing a slight delay.
- Changes in personal circumstances can affect eligibility for benefits and result in delayed payments.
- Errors in tax returns or reassessments can delay payments.
- Providing incorrect or incomplete information on applications can lead to delays.
- In the event of a recipient’s passing, the CRA will adjust benefit payments, leading to delays.
- Delays can occur due to processing times at your bank, even if the CRA issues the payment on time.
- Occasionally, system errors or technical issues within the CRA’s processing systems can cause delays.
- Postal service delays can affect the timely receipt of cheques if benefits are received by mail.
How to Check CRA Payments Status
To check your CRA account payments and balances, you or your representative can sign in to your online CRA account and follow these steps:
- Go to the CRA website and sign in to your online account. If you are an individual, sign in to My Account. If you are a business, sign in to My Business Account.
- For individuals, select “Accounts and payments” to see your account balance, available payments, and installment payments.
- For businesses, select “View and pay the account balance.”
- Check the listed payments to confirm that your payment has been received and correctly applied to your account. Payments not applied to a specific tax year will be shown in the “Available payment(s)” section.
- If you cannot access your online account or if there is an issue with the payment not appearing, contact the CRA by phone for assistance.
By understanding the payment dates and procedures for CRA benefits, you can better manage your finances and ensure timely receipt of your payments.
