CRA Benefits Payment October 2024: Amount & Eligibility

As the Canada Revenue Agency (CRA) gears up for October 2024, Canadians who rely on various government benefits are eager to know when their payments will be deposited. Whether you are receiving the Canada Child Benefit (CCB), the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit, or the Canada Workers Benefit (CWB), it is crucial to stay updated on payment dates, amounts, and eligibility criteria. This article provides a detailed guide on what to expect for CRA benefits in October 2024.

Key CRA Benefits in October 2024

Here are the primary benefits provided by the CRA in October 2024:

1. Canada Child Benefit (CCB)
2. GST/HST Credit
3. Canada Workers Benefit (CWB)
4. Climate Action Incentive Payments (CAIP)

Payment Dates October 2024

CRA benefits are typically deposited into recipients’ bank accounts on specific dates each month. For October 2024, the following are the key dates to keep in mind:

• Canada Child Benefit (CCB): October 20, 2024
• GST/HST Credit: October 5, 2024
• Canada Workers Benefit (CWB): October 5, 2024
• Climate Action Incentive Payments (CAIP): October 15, 2024

Benefit Amounts for October 2024

The amount you will receive depends on the specific benefit and your personal eligibility criteria. Below are the general figures for each benefit in October 2024:

1. Canada Child Benefit (CCB):
   • The CCB is based on family income, the number of children, and their ages. For October 2024, eligible families can expect payments of up to $648.91 per child under six and up to $548.09 per child aged six to 17.
2. GST/HST Credit:
   • The GST/HST credit is provided to low- and modest-income individuals and families to offset the GST or HST they pay. The maximum credit for the 2024-2025 benefit year is $496 per year for individuals, $260 per year for each child under 19, and $520 per year for couples.
3. Canada Workers Benefit (CWB):
   • For eligible low-income workers, the CWB offers a maximum of $1,428 per year for individuals and $2,461 per year for families. Payments are made quarterly, and recipients can expect their October payment on the 5th.
4. Climate Action Incentive Payments (CAIP):
   • CAIP payments vary by province. For example, residents of Ontario may receive $248 per adult and $62 per child in October 2024. These payments are part of the federal government’s efforts to help Canadians offset carbon tax costs.

Eligibility Criteria for CRA Benefits

1. Canada Child Benefit (CCB):
   • To qualify for the CCB, you must:
     • Be a Canadian citizen, permanent resident, or protected person.
     • Be the primary caregiver for a child under 18.
     • Live with the child.
     • File your income tax return annually.
2. GST/HST Credit:
   • To be eligible, you must:
     • Be 19 years of age or older.
     • Be a resident of Canada.
     • File your tax return, even if you have no income.
3. Canada Workers Benefit (CWB):
   • To qualify for the CWB, you must:
     • Be a resident of Canada for tax purposes.
     • Earn a minimum working income.
     • File an income tax return.
4. Climate Action Incentive Payments (CAIP):
   • CAIP is based on residency in a province that participates in the federal carbon tax (such as Ontario, Alberta, Manitoba, and Saskatchewan).
   • You must file a tax return to receive CAIP, even if you had no income.

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How to Ensure Timely Payments

To ensure you receive your CRA benefits on time:

1. Keep Your Information Up to Date: Ensure your details, including address and direct deposit information, are current with the CRA.
2. File Your Tax Return on Time: Even if you have no income, it is essential to file a tax return to remain eligible for these benefits.
3. Check CRA Online Account: You can monitor your payments and check for updates using the CRA My Account online portal.

October 2024 is a significant month for many Canadians who rely on CRA benefits like the Canada Child Benefit, GST/HST Credit, Canada Workers Benefit, and Climate Action Incentive Payments. By staying informed about payment dates, eligibility, and amounts, you can better manage your finances and ensure timely receipt of your benefits. If you are unsure about your eligibility or have questions about your payments, you can contact the CRA directly or access their My Account portal for more information.