Updated on February 23, 2024
In 2024, the government is set to disburse a substantial number of credits, known as CRA 2024 Payments. These payments, provided by the federal government, have the potential to offer individuals thousands of dollars throughout the year. Regardless of one’s marital or parental status, various benefits and credits are available under the Canada Benefits Payment January 2024 scheme.
These encompass significant initiatives such as the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit, Canada Child Benefit, Canada Workers Benefit, Climate Action Incentive Payment, and more. Whether you are a single individual, a married couple without children, or a parent with young children, these benefits are designed to address diverse financial needs.
The Canadian government extends a range of benefits to support residents with their financial requirements. Noteworthy among these are the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit, the Alberta Child and Family Benefit (ACFB), the Climate Action Incentive Payment (CAIP), the Ontario Trillium Benefit (OTB), the Advanced Canada Workers Benefit (ACWB), and the Canada Child Benefit (CCB). These initiatives aim to provide financial assistance and support to individuals and families throughout the year.
January 2024 Canadian Benefits Payments
The 2024 schedule for Canadian benefit payments has been released, revealing annual payouts for those filing income taxes or seeking benefits. Many benefits are automatically applied, and it’s easy to overlook the increased funds. You may have already received some payments if you’ve checked your bank account. If not using direct deposit, expect checks for these benefits.
Payments are typically deposited this way, but not everyone qualifies for every benefit. To find out when you’ll receive these payments in 2024, check the CRA Payment 2024 Dates on this page. Each benefit follows a distinct CRA 2024 payment schedule, aiming to support Canadians with their financial needs.
January 2024 CRA Payments Are on the Way
The 2024 payment schedule for each CRA benefit varies, and this page offers a complete list of all benefit payment dates for the year. It’s important to note that these dates may change, so it’s crucial to verify any modifications with the Canada Revenue Agency.
Furthermore, it’s worth mentioning that certain Canadians are receiving a one-time payment designed to support low- and modest-income families in adapting to the increased prices in Canada, in case you weren’t aware. Below is a comprehensive list of all eligible benefits for Canadians, along with the expected timing for each.
Canadian GST/HST Credit Information
As per the Canadian government, the GST/HST credit is a tax-free quarterly payment aimed at assisting individuals and families with low incomes in offsetting the GST or HST they incur.
The payment dates for 2024 are as follows:
- January 5, 2024
- April 5, 2024
- July 5, 2024
- October 4, 2024