5 CRA Benefits in October 2024 : A new batch of payments will be issued by the Canadian Revenue Agency in October 2024, designed to assist eligible Canadian residents, including temporary workers and immigrants, in receiving the financial assistance they deserve, since five important benefits are about to be distributed.
Families are given a tax-free monthly payment called the Canada Child Benefit (CCB) to help defray the costs of parenting children under 18. Low- and moderate-income households can better manage their GST and HST expenses by taking advantage of this quarterly tax-free payment. The Advanced Canada Workers Benefit (ACWB) offers refundable tax credits to low-income individuals and families.
CCR reduces federal pollution pricing costs, thereby enabling Canadians to afford environmentally friendly policies. A trillium benefit is available to low- and moderate-income Ontario residents.
Details About 5 CRA Benefit Payments
| Name of the Benefits | Payment Amount | Eligibility | Payment Date | Next Payment Date |
| Canada Child Benefit (CCB) | Up to $7,786.92 annually | All Canadian residents who have lived in Canada for at least 18 consecutive months and have a valid permit in the 19th month. | Oct 18, 2024 and Nov20, 2024 | December 13, 2024 |
| HST/GST Payment | Individuals can receive up to $519 annually. | Canadian residentswho filed a tax in the year 2023. | Oct 4, 2024 | Jan 3, 2025, & April 4, 2025 |
| Couples up to $680 with an additional $179 for each child who are under 19 years of age. | ||||
| Advanced Canada Workers Benefit (ACWB) | Single individuals can receive up to $1,518 annually | Canadian resident aged at least 19 years, or live with a spouse or child. Income thresholds vary by province. | Oct 11, 2024 | Jan 10, 2025 |
| Families can receive up to $2,616 annually | ||||
| Canada Carbon Rebate (CCR) | Payments vary by province and region | Available to residents in provinces that are subject to federal pollution pricing, including Alberta, Saskatchewan, Manitoba, Ontario, and others. | Oct 15, 2024 | Jan 15, 2025, and April 14, 2025 |
| Ontario Trillium Benefit (OTB) | $1,013 annually | Ontario resident who filed a tax returnin the year 2023. | Oct 10, 2024 |
Newcomers and Temporary Residents Eligibility Requirements
- As long as they meet the income and residency requirements, international students and temporary residents with work permits are also eligible for these CRA benefits.
- As newcomers to Canada, it is crucial to apply for these benefits after arrival, as they can provide substantial financial assistance.
- Families who have just arrived should apply for the CCB as soon as they meet the residency requirements.
- CRA perks can be applied for online through your MyCRA Account or by mailing the required paperwork to your tax center.
- You can overcome financial difficulties by being aware of and current with these payments, especially if you are a new or temporary resident.
Check the facts
5 CRA Benefits in October 2024 : Most government programs require deposits based on individual circumstances, including income, work history, and eligibility. Verify claims through official government websites or consult a financial advisor to avoid becoming the victim of misinformation. This article is based on news and data. This article should not be used as professional advice. Visit the official website for accurate information.
