Child Tax Credit Payment Schedule 2024. Understanding when you’ll receive financial support through various Canadian benefit programs is crucial for planning your family’s budget.
Child Tax Credit Payment Schedule 2024
Here’s everything you need to know about the payment schedules for 2024:
Canada Child Benefit (CCB)
The Canada Child Benefit is a key financial support provided by the Government of Canada to help families with the cost of raising children. Here are the payment dates for 2023:
- January 19, 2024
- February 20, 2024
- March 20, 2024
- April 19, 2024
- May 17, 2024
- June 20, 2024
- July 19, 2024
- August 20, 2024
- September 20, 2024
- October 18, 2024
- November 20, 2024
- December 13, 2024
Goods and Services Tax / Harmonized Sales Tax (GST/HST) Credit
The GST/HST credit is designed to help individuals and families with low or modest incomes offset the GST or HST they pay. Here are the payment dates for 2023:
- January 5, 2024
- April 5, 2024
- July 5, 2024
- October 4, 2024
Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit combines several tax credits into one monthly payment to help offset the cost of energy and property taxes for eligible Ontarians. Here are the payment dates for 2023:
- January 10, 2024
- February 9, 2024
- March 8, 2024
- April 10, 2024
- May 10, 2024
- June 10, 2024
- July 10, 2024
- August 9, 2024
- September 10, 2024
- October 10, 2024
- November 8, 2024
- December 10, 2024
Canada Carbon Rebate (CCR) (formerly known as Climate Action Incentive Payment)
The Canada Carbon Rebate helps offset the increased costs associated with carbon pricing. Here are the payment dates for 2023:
- January 15, 2024
- April 15, 2024
- July 15, 2024
- October 15, 2024
Advanced Canada Workers Benefit (ACWB)
The Advanced Canada Workers Benefit provides additional income support for eligible working individuals and families. Here are the payment dates for 2023:
- January 12, 2024
- July 12, 2024
- October 11, 2024
Alberta Child and Family Benefit (ACFB)
The Alberta Child and Family Benefit provides financial assistance to low and modest-income families with children. Here are the payment dates for 2023:
- February 27, 2024
- May 27, 2024
- August 27, 2024
- November 27, 2024
Conclusion
Understanding these payment schedules is essential for effective budgeting and financial planning. Stay informed to ensure timely receipt of crucial financial support through various Canadian benefit programs in 2024.
