CRA Payment Dates in November 2024 : Is CRA giving money in 2024?

If you’re wondering about the CRA payment dates in November 2024, you’re not alone. As Canadians approach the end of the year, it’s important to stay on top of the dates when various federal and provincial payments are issued, especially if you’re relying on these payments for your financial planning. The government, through the Canada Revenue Agency (CRA), offers benefits like the Canada Child Benefit (CCB) and the Ontario Trillium Benefit to support families’ financial well-being and stability, particularly those with low to moderate incomes. These payments assist families in covering basic needs, alleviating child poverty, and easing the impact of additional financial pressures, such as high energy costs and property taxes. 

Canada Post has agreed to deliver benefit cheques for the Canada Child Benefit and related provincial and territorial benefits, including the Alberta Child and Family Benefit, on November 20, 2024. However, all other benefit and credit payments issued by cheque from the CRA will be withheld until the strike is resolved.If you’re wondering whether the Canada Revenue Agency (CRA) is issuing payments or benefits in 2024, the short answer is: Yes! There are several programs designed to provide financial support to eligible Canadians in 2024, ranging from tax credits to direct benefit payments. Here’s a breakdown of the key benefits you can expect and when to expect them:

1. Canada Child Benefit (CCB)

One of the most well-known and impactful benefits is the Canada Child Benefit (CCB). This program provides tax-free monthly payments to eligible families to help with the cost of raising children under the age of 18. In 2024, families who qualify will continue to receive their CCB payments, and the amount will be based on your family income, the number of children you have, and their ages.

The CRA automatically assesses your eligibility based on your annual tax return, so you don’t need to apply separately unless your situation changes. These payments are generally issued on a monthly basis, and the next round of payments for 2024 will continue on their regular schedule unless there are unexpected delays or disruptions.

2. Alberta Child and Family Benefit (ACFB)

If you live in Alberta, you may also qualify for the Alberta Child and Family Benefit (ACFB), which is a provincial benefit designed to assist lower-income families. The ACFB is typically issued on top of the federal Canada Child Benefit, so it offers even more support. In 2024, the Alberta government has committed to continuing this benefit, with monthly payments going out to qualifying families.

3. GST/HST Credit

Another important benefit to keep in mind is the Goods and Services Tax / Harmonized Sales Tax (GST/HST) credit, which is designed to help individuals and families with the cost of living. The CRA issues this quarterly payment to eligible low- and modest-income Canadians to offset the taxes they pay on goods and services.

In 2024, these payments will continue to be issued automatically based on your most recent tax return. If you haven’t filed your taxes, it could delay your payments, so be sure to submit your 2023 tax return on time!

4. Other Tax Credits and Benefits

The CRA also provides a range of other credits and benefits to eligible individuals, including:

• Disability Tax Credit (DTC)
• Senior’s Benefits
• National Child Benefit Supplement (NCBS)
• Working Income Tax Benefit (WITB)

These benefits and credits vary in terms of eligibility and the amount of money you can receive, so it’s a good idea to check your eligibility with the CRA or consult a tax professional.

5. Potential Delays in 2024

It’s important to note that while the CRA is issuing these payments in 2024, there have been some recent delays due to ongoing labour strikes that have impacted certain services, such as benefit cheques. For example, as of November 2024, Canada Post agreed to deliver Canada Child Benefit (CCB) cheques and related provincial benefits like the Alberta Child and Family Benefit (ACFB). However, some other benefit and credit payments may be temporarily delayed until the strike situation is resolved.

If you rely on receiving physical cheques, be sure to stay updated with any news about postal service disruptions, as electronic payments are usually not affected.

6. How to Ensure You Receive Your Payments

To make sure you’re receiving your eligible benefits, there are a few key things you can do:

• File your taxes on time: Your eligibility for many of these benefits is based on your most recent tax return.
• Update your information: Ensure the CRA has your current address, bank account details, and family information to avoid any delays.
• Check your CRA My Account: You can track the status of your benefits and any outstanding payments through the CRA’s online portal.

Important Notes for November 2024

While the CRA strives to deliver benefits on time, there are some factors that could cause delays, especially when it comes to receiving physical cheques. As mentioned earlier, labour strikes affecting Canada Post could delay the delivery of cheques for programs like the Canada Child Benefit and provincial benefits such as the Alberta Child and Family Benefit. If you are relying on cheques, you may want to consider signing up for direct deposit to avoid any disruptions.

You can also check your payment status and details through the CRA My Account online portal. This will give you the most accurate and up-to-date information on your benefit payments, including the specific dates and amounts for your situation.