Check out this post for a comprehensive guide to the benefit payment dates in Canada for July 2024. We cover all the key benefits, including the Canada Pension Plan (CPP), Old Age Security (OAS), Canada Child Benefit (CCB), Child Disability Benefit (CDB), Ontario Trillium Benefit (OTB), Alberta Child and Youth Family Benefits (ACWB), and the Climate Action Incentive Payment (CAIP). Ensure you are fully informed about when you can expect these payments this month.
Canada Benefit Dates July 2024
The Canada Revenue Agency (CRA) offers numerous benefits to Canadian citizens through various payment programs, such as the Canada Pension Plan (CPP), Canada Child Benefit (CCB), Goods and Services Tax/Harmonized Sales Tax (GST/HST), Old Age Security (OAS), and others. These programs provide financial support and are essential for many Canadians.
For the year 2024, the CRA has officially published the payment dates for these benefits online. If you meet the eligibility criteria and are set to receive CPP, CCB, GST/HST, Ontario Trillium Benefit (OTB), or OAS payments in 2024, it is important to be aware of these payment dates. This page will detail the specific dates on which beneficiaries will receive their payments, including all the upcoming Canada Benefit Dates for July 2024 across different CRA programs.
CPP, OAS, CCB, CDB, OTB, ACWB, CAIP Credit Dates
CPP Credit Dates
The CPP, specifically, is a monthly benefit designed for Canadian residents over the age of 60 who are employed in profit-generating firms. This benefit acts as an income replacement for those who have contributed to any of the CRA schemes during their working years.
CPP payments are typically disbursed on the third-to-last business day of each month. In cases where a holiday coincides with a payment day, the payment is made on the preceding day. Beneficiaries can check the status of their payments using their Social Insurance Number. The amount received each month is determined by the individual’s contributions to the CPP throughout their working life.
| Payment Month | CPP Credit Dates 2024 |
| July 2024 | 26 July |
| April 2024 | 26 April |
| May 2024 | 29 May |
| June 2024 | 26 June |
| July 2024 | 29 July |
| August 2024 | 28 August |
| September 2024 | 25 September |
| October 2024 | 29 October |
| November 2024 | 27 November |
| December 2024 | 20 December |
OAS Credit Dates
Individuals who meet the necessary eligibility criteria are entitled to receive the Old Age Security (OAS) Payment in 2024. This program is designed to provide financial assistance to eligible recipients, ensuring they have a reliable source of income. The Canada Revenue Agency has extended the total payments from the originally scheduled $66,400 to $68,400. Recipients of the OAS payment can expect to receive their funds on a monthly basis, with the payments being directly deposited into their bank accounts.
The OAS payment plan is structured to utilize direct deposit for monthly installments, ensuring that recipients receive their funds promptly and securely. Notably, the amount of the pension increases when the recipient reaches 75 years of age, reflecting the program’s commitment to providing adequate support as individuals age.
In the event that the OAS Payment 2024 is scheduled on a holiday, the payment is adjusted to be made on the last working day before the holiday. This ensures that recipients do not experience any delays in receiving their financial support, maintaining the reliability and consistency of the OAS payment schedule.
| Payment Month | OAS Credit Dates 2024 |
| July, 2024 | 27 July |
| April, 2024 | 27 April |
| May, 2024 | 28 May |
| June, 2024 | 27 June |
| July, 2024 | 28 July |
| August, 2024 | 29 August |
| September, 2024 | 26 September |
| October, 2024 | 28 October |
| November, 2024 | 26 November |
| December, 2024 | 21 December |
CCB Credit Dates
For families with children under the age of 18, the Canada Child Benefit (CCB) 2024 Payment offers financial assistance. This benefit is designed to support families, and it includes provisions for children with disabilities, whether the disability is physical or mental.
Eligible recipients will receive their payments directly deposited into their bank accounts. The monthly payment can vary from $264.41 up to an annual total of $3,143, depending on various factors. It’s important to note that the CCB payments are issued on the twentieth day of each month. Additionally, the payment amounts are reviewed and adjusted every year in July to reflect any changes in living costs or other relevant factors.
| Payment Month | CCB Credit Dates 2024 |
| July, 2024 | 20 July |
| April, 2024 | 19 April |
| May, 2024 | 20 May |
| June, 2024 | 20 June |
| July, 2024 | 19 July |
| August, 2024 | 20 August |
| September, 2024 | 20 September |
| October, 2024 | 19 October |
| November, 2024 | 20 November |
| December, 2024 | 20 December |
OTB Credit Dates
The Ontario Trillium Benefit (OTB) for 2024 encompasses the total amount paid for power and property taxes. These payments are disbursed on a monthly basis, starting in July 2023, and will continue to be made on the tenth day of each month. For this benefit, a total of $360 is allocated, with the first payment issued as a single lump sum. Subsequent payments will follow the monthly schedule.
| Payment month | OTB Credit Date 2024 |
| July, 2024 | 8 July |
| April, 2024 | 10 April |
| May, 2024 | 10 May |
| June, 2024 | 10 June |
| July, 2024 | 10 July |
| August, 2024 | 9 August |
| September, 2024 | 10 September |
| October, 2024 | 10 October |
| November, 2024 | 8 November |
| December, 2024 | 10 December |
ACWB Credit Dates
The Canada Workers Benefit (CWB) for 2024 aims to offer crucial financial assistance to individuals and families facing significant economic challenges due to low incomes. This benefit operates as a refundable tax credit, ensuring that even individuals who do not owe taxes can receive financial aid. The CWB is structured with two primary components: the basic amount and the disability supplement.
The basic amount provides essential financial support to eligible recipients, addressing general financial needs. In addition to this, the disability supplement offers supplementary assistance specifically tailored for individuals with disabilities, acknowledging their additional financial pressures.
| Important Links |
| Pensions and Disability Benefits |
| Stimulus Payment Date |
| Centrelink Direct Cash Eligibility |
| SSS Pension Increase |
To enhance accessibility and alleviate financial pressures throughout the year, the CWB advance payment is distributed in three separate installments annually. This approach ensures timely assistance to those who qualify, facilitating smoother management of expenses and economic stability for recipients. This structured approach reflects Canada’s commitment to supporting vulnerable populations by providing targeted financial aid when it is most needed.
| Payment Quarter | ACWB Credit Dates2024 |
| 1 | 12 July 2024 |
| 2 | 12 October 2024 |
| 3 | 11 January 2024 |
CAIP Credit Dates
The Canadian Agricultural Income Program (CAIP) 2024, aimed at assisting provinces in managing pollution-related costs, has been made accessible to the public through the Canada Revenue Agency (CRA). Residents of Alberta, Manitoba, Ontario, and other eligible provinces can now benefit from tax-free payments under this initiative.
To qualify for these payments, individuals must be the primary caregiver of an eligible child, who must live with them, be under the age of 19, and enrolled in the program. Recipients receive payments quarterly, distributed on the fifteenth of every month across all participating regions.
| Payment Month | CAIP Credit Date 2024 |
| January, 2024 | 15 January |
| April, 2024 | 15 April |
| July, 2024 | 15 July |
| October, 2024 | 15 October |
Finally
Understanding the 2024 CRA payment schedule is essential for effective financial planning, whether for individuals or families. Being informed about these dates enables taxpayers to strategically manage their budgets and maintain financial stability.
By knowing when payments are due, individuals can make timely arrangements, ensuring they meet their financial obligations without undue stress or last-minute complications. This foresight allows for better financial management, helping individuals and families navigate their expenses and savings more effectively throughout the year.