The following are some of the benefit programs administered by the Canada Revenue Agency or CRA for the financial aid of the Canadians; The increasing cost of living has been reasonably addressed by the CRA through these benefits. Various payment will be made in October 2024 as follows to assist Low and moderate income earning family. Moving to the next use the following headings with brief explanations: Benefits, eligibility, and Payment Dates should prepare you adequately.
Major CRA Benefit Payments in October 2024
October is an important month for CRA payments, offering financial assistance through a range of programs.
1. Canada Child Benefit (CCB)
The Canada Child Benefit is intended for all families with children under age 18 in an effort to assist with the costs associated with child rearing. The advantage is that it is tax credit and depends on the income of the family. For 2024, the monthly allowance of $648. 91 is available for families with children under 6 while for the families with children 6-17 years these are $547. 50.
- Next Payment Date: October 18, 2024
2. GST/HST Credit
The GST/ HST credit is designed to fund consumers’ obligations for the GST and HST on their purchases. Single Sharer may get up to $519 per annum and Double Sharer the maximum amount allowed is $680 per annum. They have understood some extra, often a sum is given back on the birth of a child under 19 years of age.
- Next Payment Date: 07-October-2024
3. Canada Workers Benefit (CWB)
This organized is a refundable tax credit program that supports workers with low income in Canada through its name the Canada Workers Benefit. Single people can be awarded up to $1,518 per annum while families can be offered up to $2,616.
- Next Payment Date:October 11, 2024
4. Canada Carbon Rebate (CCR)
The Canada Carbon Rebate assists Canadians to pay the federal carbon tax. The rebate is adjusted depending on the province and where the residents resides; more so if they are from rural areas.
- Next Payment Date: September 9, 2024
5. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit integrates one several credits into the payment. This would amount to $1,013 per year for general program participants for Ontario residents with additional amounts for those living in the northern region.
- Next Payment Date:On October 10 the year 2024
How to Check Your CRA Benefit Status
You can verify your CRA payments by signing into CRA My Account and or through the CRA App for mobile devices. You will receive your payments in a short and safe time since you will be able to complete payment details by direct deposits.
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