2 New CRA Benefits in November 2024: Check Maximum Amount, Eligibility & Fact

2 New CRA Benefits For Canadians in November 2024: The Canada Revenue Agency (CRA) will pay out the Ontario Trillium Benefit (OTB) and the Canada Child Benefit (CCB) to citizens of Ontario in November 2024. These New CRA Benefits assist qualifying residents including those from low- and moderate-income households in covering critical expenses and growing living costs. These New CRA payments provide much-needed financial support to families and individuals, helping to raise children, pay taxes, and manage household expenses.

As November 2024 approaches, many Canadians are waiting for their upcoming benefit payments. Canada Future Benefit Payments, provided by the Canada Revenue Agency (CRA) and other government entities, provide vital financial assistance to families, seniors and low-income individuals across the country. Understanding payment dates, amounts and eligibility requirements can help you effectively manage your finances. Here is a detailed guide on the New CRA Benefits you will get in November 2024, including eligibility criteria and other useful information.

Canada Upcoming Benefits Payment Dates November 2024

Benefit ProgramNovember 2024 Payment Date
Canada Child Benefit (CCB)November 20, 2024
Goods and Services Tax/Harmonized Sales Tax (GST/HST) CreditNo payment in November
Old Age Security (OAS)November 28, 2024
Canada Pension Plan (CPP)November 28, 2024
Guaranteed Income Supplement (GIS)November 28, 2024

2 New CRA Benefits in November 2024

In November 2024, Canadians will receive valuable CRA benefits including OTB, CPP, GST/HST and OAS payments. Each program meets a different need, from helping retirees manage costs to mitigating the impact of carbon pricing. By understanding payment dates, eligibility requirements and how to apply, Canadians can ensure that they receive the full assistance available to them.

Canada Child Benefit (CCB)

Required Eligibility for CCB

  • Candidates must be citizens, permanent residents, or hold another type of eligible immigration status and reside in Canada.
  • Only the child’s primary caregiver, usually a parent, is eligible to apply for the CCB. Payments may be split in shared custody situations.
  • Families with lower incomes receive larger monthly payments since the CCB amount is income-tested.

Required Eligibility for Temporary Residents

  • They need to have had a valid temporary resident status (such a work permit) in Canada for at least 18 months.
  • They cannot be denied social benefits because of their permit.

Maximum Payment Amount for CCB in 2024

Payments will be sent straight to bank accounts for individuals who have signed up for direct deposit, while checks will be mailed to others.

Age of ChildrenMaximum Payment AmountUpcoming Payment Date
Children under 6 yearsup to $7,787 per child annuallyNovember 20, 2024
Children aged 6 to 17 Yearsup to $6,570 per child annuallyNovember 20, 2024

How to Apply for Canada Child Benefit November 2024?

Step 1: Qualified temporary residents and other eligible candidates may apply for the CCB by mail or online through the CRA My Account portal.

Step 2: Documentation of the primary caregiver and proof of status can be necessary.

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Ontario Trillium Benefit (OTB)

Required Eligibility for Ontario Trillium Benefit

  • Residency, income, and tax returns determine an individual’s eligibility for OTB.
  • As of December 31 of the prior tax year, applicants had to be residents of Ontario.
  • Because the OTB is income-tested, those with greater earnings might not get any benefits at all.
  • Since eligibility is determined by the tax data from the prior year, applicants must file their income tax return in order to be eligible for the OTB.

Required Eligibility for Temporary Residents and OTB

  • On December 31 of the prior tax year, they had to have been residents of Ontario.
  • They must file their tax return by the deadline, specifying the tax credits they want to claim, and they must have a valid permit or status.
  • Eligibility will be determined by the CRA using the filed tax return, income level, and place of residence.

Maximum Payment Amount for OTB in November 2024

Type of OTB BenefitsMaximum Payment AmountUpcoming Payment Date
Ontario Sales Tax CreditUp to $360 per adult or child YearlyNovember 8, 2024
Ontario Energy and Property Tax CreditUp to $1,248 for non-seniors and up to $1,421 for seniorsNovember 8, 2024
Northern Ontario Energy CreditFor Northern Ontario residents, who are singlesup to $180 and for families up to $277 Yearly.November 8, 2024

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How to Apply for Ontario Trillium Benefit (OTB)

Step 1: All residents of Ontario, including those who are qualified temporary residents, must do is submit their yearly income tax return and specify that they are entitled for the tax credits that comprise the OTB.

Step 2: The filed return, income, and residency details will be used by the CRA to establish eligibility.

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Frequently Asked Questions (FAQs)

What are the upcoming CCB pay dates in 2024?

Upcoming CCB payment dates in 2024 are November 20 and December 13, 2024.

What are the upcoming Ontario Trillium payout dates in 2024?

The next OTB payments will be made on 8th November and 10th December.

Can I obtain both CCB and OTB?

Yes, you can receive payments from both the CCB and OTB if you meet the eligibility criteria for both the benefits.

How will I know if I am eligible for these benefits?

Eligibility is based primarily on your annual income, residence and tax filing. Detailed eligibility standards can be found on the CRA website.

How do I check the status of my benefit application?

Use My Service Canada Account (MSCA) to check the status of your application and payment history.

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