As the next month approaches, it is quite important to note the date when federal benefits will be paid according to the schedule of the Canada Revenue Agency (CRA) that would surely knock at the doorsteps of the schemes used by these very benefits to most families and individuals throughout the nation who had relied over the past couple of years. Listed below are some of the most important payment dates.
Important Payment Dates
The CRA releases a pay schedule for the month that may include benefits such as CCB, the GST/HST credit, and the CWB. Here are the important dates for November 2024:
November 15, 2024 :
Children Benefit, Canada: Families with children can get their CCB on this date. This is the Canada Child Benefit, which offers relief in the cost of raising children; it provides important fiscal support to receiving families.
28th November, 2024
GST/HST Credit Payable Date: Eligible persons and families who are entitled to a GST/HST credit, would receive this credit on this date. It is one of the benevolent acts to help people whose part of income tax is being charged in the form of GST and HST.
November 29, 2024
The Canada Workers Benefit, or CWB: Eligible low income working persons will get paid on this date. The benefit is designed to help working individuals build savings and become more financially secure.
Eligibility and Application
These are awarded to those who meet certain eligibility, usually household size and income criteria. It is the responsibility of the beneficiaries to update the CRA with their correct personal data for the timely allowance dispensation.
Conclusion
Knowledge about the CRA payment dates assists in proper financial planning of the month. So, Canadians should look at their calendars in November 2024 and then rest assured that their entitled benefits will indeed be there before the due date. To learn more or check the latest news, viewers can click on the official website of the CRA.
