CRA Federal Benefits Payment Schedule 2024 The CRA has published the official payment dates for various benefits in 2024 Beneficiaries are encouraged to check the official CRA website or reach out to the CRA for any changes to these schedules.
| 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 designed to assist families with children under 18 It helps cover the cost of raising children and is calculated based on the number of children.
their ages, and the family’s income This benefit is crucial for supporting families as they manage everyday expenses.
GST/HST Credit
The GST/HST Credit is a quarterly payment aimed at offsetting the financial impact of the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) on low-income individuals and families.
This credit is designed to reduce the financial burden caused by consumption taxes.
Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) combines three key credits into one payment: the Ontario Sales Tax Credit, the Ontario Energy and Property Tax Credit, and the Northern Ontario Energy Credit.
The OTB is intended to assist individuals and families with the costs associated with property taxes, energy, and other essential expenses.
Canada Carbon Rebate
The Canada Carbon Rebate is a quarterly payment intended to help individuals and families offset the costs related to carbon pricing.
This rebate also encourages Canadians to reduce their carbon footprint while mitigating the financial impact of carbon taxes.
Advanced Canada Workers Benefit (ACWB)
The Advanced Canada Workers Benefit (ACWB) is a monthly payment aimed at providing additional support to low-income workers.
The goal of this benefit is to supplement the earnings of individuals and families, encourage employment, and reduce the financial challenges faced by working Canadians.
Alberta Child and Family Benefit (ACFB)
The Alberta Child and Family Benefit (ACFB) is a quarterly payment for eligible families in Alberta with children under 18.
This benefit supports families by providing additional financial aid to manage the costs of raising children in the province.
Common Reasons for Delay in CRA Payments
Several factors can cause delays in receiving CRA payments Common reasons include.
- Weekend or Public Holiday: If the scheduled payment date falls on a weekend or public holiday, the payment will be processed on the next business day, causing a slight delay
- Changes in Personal Circumstances: Any changes in a recipient’s personal situation, such as changes in income or family status, can affect eligibility and delay payments
- Errors in Tax Returns: Mistakes on tax returns or required reassessments can cause delays in processing payments
- Incorrect or Incomplete Information: Providing incomplete or incorrect details on applications can result in payment delays
- Recipient’s Passing: In the unfortunate event of a recipient passing away, the CRA will adjust payments accordingly, leading to delays
- Bank Processing Times: Even when the CRA issues a payment on time, delays can occur due to processing times at the recipient’s bank
- Postal Delays: For those receiving payments by cheque, delays in the postal system can affect the timely arrival of payments
- System Errors: Occasionally, technical issues within CRA’s systems can result in delays in payment processing
How to Check Your CRA Payment Status
To check the status of your CRA payments, follow these steps.
- Log in to Your CRA Account: Go to the CRA website and sign in to your account Individuals should access “My Account,” while businesses should use “My Business Account”
- Navigate to Payment Information: For individuals, select “Accounts and payments” to view your account balance, available payments, and any instalment payments Businesses can check under “View and pay the account balance”
- Review Payment Details: Verify that your payment has been received and correctly applied to your account If a payment is not linked to a specific tax year, it will be displayed under “Available payment(s)”
- Contact the CRA: If you’re unable to access your account or if there’s an issue with your payment status, you can contact the CRA for further assistance
By regularly checking your payment status, you can ensure that your CRA benefits are received on time and address any potential issues as soon as possible Be sure to allow enough time for processing: 3 business days for online payments and up to 10 business days (plus mailing time) for cheques or money orders.
Conclusion
Understanding the CRA benefits payment dates and being aware of possible delays can help you manage your finances effectively Staying informed ensures that you receive your payments on time and can plan your budget accordingly.
If you have any concerns or need clarification on your payments, don’t hesitate to reach out to the CRA.
