CRA Benefits April 2024: Know Eligibility, Payment Dates and Annual Schedule For Different CRA Payments

CRA keeps launching new schemes on day to day basis to benefit its senior citizens, working citizens and children apart from various social groups. The CRA April Benefits 2024 payment dates have been on the CRA’s official website. We will inform you of the various CRA’s schemes such as CCB (Canada Child Benefit), GST/HST Credit (Goods and Services Tax/ Harmonized Sales Tax), ACWB (Advanced Canada Workers Benefit), CCR (Canada Carbon Rebate), OTB (Ontario Trillium Benefit) and ACFB (Alberto Child and Family Benefit).

The CRA has updated the payment credit dates for the benefits. Therefore, keep up with the article to know the details of the updated CRA Benefits April 2024, Eligibility, Payment Dates and Annual Schedule For Different CRA Payments schedules.

Different CRA April Benefits 2024

CCB- The citizen who lives with children under 18 years of age, is eligible for the CCB benefits. The person must be a citizen of Canada. He or she must be a resident of Canada for taxpaying purpose. The person should be primarily responsible for the caretaking of the child, only then he or she will be eligible for the benefits. In case of shared custody, the amount will be divided 50-50. Every July the payments are recalculated on the basis of adjusted net family income

GST/HST Credit- It is tax exempted scheme. You do not need to apply for it formally. Once you file your tax for T1, the official will automatically approach you, if you are qualified for the benefits. GST/HST Credit helps families to cope with rising inflation and support their family income with tax free benefits.

CPP Payment Increase 2024 Update

CPP Payment Dates April 2024

Canada FPT Deposit 2024

ACWB- If you are single, and your income is more than $33,015, you are qualified for no benefits under ACWB. The maximum for a single person is $1,428. For the families the maximum benefits are $2,461. If family’s income surpasses $43,212, you are paid no basic amount of benefits.

CCR- You will get the CCR amount on the basis of the province you reside. For the rural provinces, the supplement is increased by 10% for base 2023 in April 2024. On the other hand, for the urban provinces, the supplement is increased by 20% for the base year 2023. The income threshold does not affect the payment criteria. Irrespective of income factor, the citizens will get Carbon Rebate.

ACFB- to cope with the inflation, the residents of Alberto will get payments for their children under the age of 18. The payment range depends on the income threshold and your taxpaying status and benefit returns.

OTB- Residents of Ontario will get property tax credits, energy credits and sales credits on the basis on their incomes. The payments will be reimbursed on the 10th of every month.

CRA Benefits Payment 2024 Overview

Article Name CRA Benefits April 2024
Agency Canada Revenue Agency
Category Finance
Benefit Month April 2024
Official Website Canada.ca

CRA Benefits April 2024 : Know Eligibility, Payment Dates and Annual Schedule For Different CRA Payments

CRA Benefits 2024 Payment Amount

The CRA keeps updating for the schedule of payment dates of various plans it offers. The dates may vary in case of government holiday. Official reasons may also affect the scheduled dates. For the latest updates regarding April payment dates, be with us. We are providing you authentic information.

Schemes Beneficiary group Increased amount
CCB Between 0-18 years Max for less than 6- $7,437

Max for less than 6-18- $6,275

GST/HST Working tax payers On the basis of last year’s T1 tax receipt
ACWB Single earning less than $33,015

Family earning less than $43,212

Single maximum- $1,428

Family maximum- $2,461

CCR On the basis of province the beneficiary resides 10% increase for rural province

20 % for urban provinces

ACFB Alberto children between age group 0-18 Maximum for any group- $3,525
OTB Ontario residents Maximum for any age group-$1,194

The above overview table suggests you the maximum amount paid under respective schemes. The amount is subject to change depending on the government updates and income factor. You must be updated for the recent development in reimbursed amount. As of now the table above is accurate source of information.

CRA Benefits Payment Dates April 2024

The dates are subject to change in case of official notice from the concerned website. The dates for the schemes are-

CCB Payment Dates 2024

January 19th 2024

February 20th 2024

March 20th 2024

April 19th 2024

May 17th 2024

June 20th 2024

July 19th 2024

August 20th 2024

September 20th 2024

October 18th 2024

November 20th 2024

December 13th 2024

 GST/HST Payment Dates

GST/HST-the amount is paid in four quarterly installments.

January 5th 2024

April 5th 2024

July 5th 2024

October 4th 2024

ACWB Payment Dates 2024

ACWB- The amount is paid in three installments. They are as such

January 12th 2024

July 12th 2024

October 11th 2024

CCR Payment Dates

CCR- Also known as climate action incentive payment. The dates are as such

January 15th 2024

April 15th 2024

July 15th 2024

October 15th 2024

ACFB Payment Dates

ACFB- The amount distributed in four equal installments

February 27th 2024

May 27th 2024

August 27th 2024

November 27th 2024

OTB Payment Dates

OTB- the payment is distributed in 12 equal amounts monthly.

January 10th 2024

February 9th 2024

March 8th 2024

April 10th 2024

May 10th 2024

June 10th 2024

July 10th 2024

August 9th 2024

September 10th 2024

October 10th 2024

November 8th 2024

December 10th 2024

All the dates mentioned above are subject to change. As of now you can rely on them. But for future updates, please go and visit CRA official website. The information provided to you is the most authentic. If you have any doubts regarding the CRA Benefits April 2024 its Eligibility, Payment Dates and Annual Schedule For Different CRA Payments eyou can check specific site of aforesaid scheme. Before applying to any of these schemes, check the eligibility criteria.  If your payment is late on the dates, do not worry, just wait for additional 5 to 10 days. The payments will be transferred to your account.

EJSR Magazine Home Click Here

Leave a Comment