January 2024 CRA Benefit Payments: When to Expect Your Payments in Canada

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.

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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

     

    Canadian Child Benefit Information

    Families with children under eighteen receive the tax-free monthly Canada Child Benefit (CCB) to help with parenting expenses. The 2024 payment dates are as follows:

    • January 19, 2024
    • February 20, 2024
    • March 20, 2024
    • April 19, 2024
    • May 17, 2024
    • June 20, 2024
    • July 19, 2024
    • August 20, 2024
    • September 20, 2024
    • October 18, 2024
    • November 20, 2024
    • Advanced Canada Workers Benefit (ACWB) Overview

      In Canada, low-income working individuals and families receive a refundable tax credit known as CWB. With the introduction of the Advanced Canada Workers Benefit (ACWB), the CWB will now provide advance payments, amounting to 50% of the CWB, distributed across three payments.

      Mark your calendars for these upcoming payment dates in 2024:

      Canada Pension Plan (CPP) Overview

      In your retirement years, bolster your income with the monthly taxable Canada Pension Plan (CPP). While retirement might feel distant, it’s beneficial to estimate your CPP benefits. Once you determine your eligibility and preferred start date for payments, you can conveniently apply online through My Service Canada Account (MSCA).

      Here are the CPP payment dates for 2024:

      • January 29, 2024
      • February 27, 2024
      • March 26, 2024
      • April 26, 2024
      • May 29, 2024
      • June 26, 2024
      • July 29, 2024
      • August 28, 2024
      • September 25, 2024
      • October 29, 2024
      • November 27, 2024
      • December 20, 2024

      Climate Action Incentive Payment Overview

      The tax-free Climate Action Incentive Payment is provided to individuals and families to help offset the costs of federal pollution pricing. Eligible residents include those in Nova Scotia, P.E.I., New Brunswick, Alberta, Saskatchewan, Manitoba, Ontario, Newfoundland and Labrador, and more. If the CRA issues a payment at the beginning of the month and you’re considered a Canadian resident for income tax purposes, you qualify for this credit.

      Look out for these payment dates in 2024:

      • January 10, 2024
      • February 9, 2024
      • March 8, 2024
      • April 10, 2024
      • May 10, 2024
      • June 10, 2024
      • July 10, 2024
      • August 9, 2024
      • September 10, 2024
      • October 10, 2024
      • November 8, 2024
      • December 10, 2024

      Ontario Trillium Benefit (OTB) Overview

      The tax-free Ontario Trillium Benefit (OTB) provides assistance to eligible Ontario residents for electricity, property taxes, and the Ontario Sales Tax Credit. Here are the OTB payment dates for 2024:

      Old Age Security (OAS) Overview

      If you’re 65 or older, the monthly OAS pension is your entitlement. For most individuals, Service Canada automatically enrolls them in the OAS pension. It includes the Guaranteed Income Supplement, Old Age Security Pension, Allowance, and Survivor Allowance.

      Here are the OAS pension payment dates for 2024:

      • January 29, 2024
      • February 27, 2024
      • March 26, 2024
      • April 26, 2024
      • May 29, 2024
      • June 26, 2024
      • July 29, 2024
      • August 28, 2024
      • September 25, 2024
      • October 29, 2024
      • November 27, 2024
      • December 20, 2024December 13, 2024

     

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