As November approaches, Canadians relying on federal benefits from the Canada Revenue Agency (CRA) should mark their calendars for important payment dates.
These scheduled payments provide essential financial support to millions of Canadians, including families, low-income individuals, and workers. Here are the key payment dates for November 2024.
Important November 2024 CRA Payment Dates
The CRA issues payments for federal benefits on specific dates, covering major programs such as the Canada Child Benefit (CCB), GST/HST Credit, and Canada Workers Benefit (CWB). Here’s a breakdown of these benefits and their November payout dates:
November 15, 2024 – Canada Child Benefit (CCB)
- Benefit: Canada Child Benefit (CCB)
- Recipients: Families with children
- Purpose: The CCB offers financial relief to families to offset the cost of raising children, providing essential fiscal support.
Families who qualify for the CCB can expect their payment on November 15. The CCB amount varies based on household income and the number of children in the family, with payments adjusted annually based on the family’s financial situation.
November 28, 2024 – GST/HST Credit
- Benefit: GST/HST Credit
- Recipients: Low-income individuals and families
- Purpose: The GST/HST credit is issued quarterly to help offset the cost of GST and HST expenses for those with lower incomes.
Eligible individuals and families can expect their GST/HST credit on November 28. This quarterly benefit provides additional financial support by reducing the overall tax burden on essentials.
November 29, 2024 – Canada Workers Benefit (CWB)
- Benefit: Canada Workers Benefit (CWB)
- Recipients: Low-income working individuals and families
- Purpose: The CWB helps low-income workers boost savings and achieve greater financial stability.
The CRA will issue the CWB payment on November 29. This benefit supports low-income workers by supplementing earnings and encouraging workforce participation, allowing individuals to meet basic living costs.
Eligibility and Application Requirements
To qualify for these CRA benefits, recipients must meet eligibility criteria, often based on household income and size. It’s essential for beneficiaries to keep their information updated with the CRA to ensure accurate and timely payments.
- Canada Child Benefit: Eligibility depends on the number of children and family income.
- GST/HST Credit: Automatically available to low-income individuals and families who file their taxes.
- Canada Workers Benefit: Based on annual income and work status, with additional payments for families and individuals meeting specific income thresholds.
Planning for CRA Payments
Understanding the CRA payment schedule helps Canadians manage monthly finances. Recipients can track payment status and verify eligibility on the CRA’s official website to stay informed about any updates or changes.
For more details, check the CRA’s official website.
