CRA Credit Dates August 2024: Know CWB, CDB, OAS, CPP, CCB, EI, GIS Payment Dates & More

The Canada Revenue Agency (CRA) administers various benefit programs to provide financial assistance to eligible Canadians.

These programs, including Old Age Security (OAS), Canada Pension Plan (CPP), Canada Child Benefit (CCB), Canada Workers Benefit (CWB), Canada Disability Benefit (CDB), Employment Insurance (EI), and Guaranteed Income Supplement (GIS), are vital for supporting individuals facing economic challenges.

Here’s an overview of the anticipated payment dates for these benefits in August 2024 and how to claim them.

CRA Credit Dates August 2024

The CRA is responsible for managing tax and credit-related programs that assist Canadian residents, particularly those facing financial hardships. Recently, the government introduced a $300 Federal payment program to support low-income Canadians.

CRA Credit Dates for August 2024

While the exact CRA payment dates for August 2024 have not been fully confirmed, here’s a general outline of when you can expect various payments:

• Canada Child Benefit (CCB): Payments are usually made on the 20th of each month, so the CCB payment for August 2024 is expected on August 20th.
• GST/HST Credit: The last payment was on June 10th, 2024, with quarterly payments typically made in July and October.
• Canada Workers Benefit (CWB): Payments for this benefit are generally scheduled quarterly. The next CWB payment is anticipated for mid-August 2024.
• Alberta Child and Family Benefit (ACFB): The payment is scheduled for August 27th, 2024.

OAS, CPP, CCB, CWB, CDB, EI, GIS Payment Dates

Here are the payment details for various benefits administered by the CRA:

1. Old Age Security (OAS)

• Payment Date: Expected on August 29th, 2024
• Amount: $956 for eligible senior citizens over 65 years old.

2. Canada Pension Plan (CPP)

• Payment Date: Expected on August 29th, 2024
• Amount: $1,550 for individuals covering basic expenses.

3. Canada Workers Benefit (CWB)

• Payment Date: Anticipated for mid-August 2024
• Amount:
  • Single: $1,428
  • Families: $2,461
  • Disabled Individuals: $737

4. Canada Disability Benefit (CDB)

• Payment Period: Ongoing, between July 1, 2023, and June 30, 2024
• Amount: $650

5. Employment Insurance (EI)

• Payment Date: Weekly payments throughout the month
• Amount: Maximum weekly rate increased from $638 to $650

6. Guaranteed Income Supplement (GIS)

• Payment Date: Quarterly payments in January, April, July, and October
• Amount: Maximum monthly payment up to $1,065.47 for single, divorced, or widowed recipients

How to Claim CRA Credits

To claim CRA benefits, follow these steps:

1. Eligibility: Ensure you meet the eligibility criteria for the specific benefit program you are applying for.
2. Application: Visit the CRA’s official website and fill out the application form. Submit the form along with the required documents.
3. Verification: Once your application is approved, CRA officials will contact you for any additional information or documentation required.
4. Payment: After verification, the benefit amount will be directly deposited into your bank account.

Additional Benefits: Carbon Tax Credit (CCR)

The CRA also administers the Carbon Tax Credit (CCR), which is paid quarterly in July, October, January, and April.

This credit helps offset the carbon tax costs for eligible individuals. Ensure you meet the eligibility requirements to receive this benefit.

The CRA provides essential financial support to Canadian residents through various programs like OAS, CPP, CWB, CDB, EI, and GIS.

Staying informed about payment dates and eligibility requirements is crucial to ensure you receive the benefits you are entitled to. For the most accurate and up-to-date information, regularly check the CRA’s official website.

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