Every year, the Canadian federal government issues various benefits, tax deductions, and refunds to residents to help Canadians ease some of the financial pressures. Here are some of the benefits you can expect from the federal government in 2024, so check them out!
图源：Daily Hive
GST credit
The GST/HST credit is a tax-exempt, quarterly payment designed to help low- and middle-income individuals and families in Canada offset the taxes they pay. Release time:
- January 5, 2024
- April 5, 2024
- July 5, 2024
- October 4, 2024
According to government regulations:
- Up to $496 CAD for singles;
- Up to $650 for those who are married or in a de facto relationship;
- $171 CAD for each child under the age of 19.
This credit does not need to be claimed and will be automatically taken into account when filing your taxes.
Canada Child Benefit (CCB)
The Canada Child Benefit CCB, also known as milk payment, is a tax-free payment provided by the government to families with child support costs and is paid monthly by the Canada Revenue Agency (CRA). The CCB is calculated based on the number of children of the beneficiary, age and net household income. Release time:
- 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
Net income of less than $34,863 will receive the maximum amount per child.
- Under 6 years old: $7,437 per year ($619.75 per month)
- 6 to 17 years old: $6,275 per year ($522.91 per month)
When the net household income exceeds $34,863, the payment is gradually reduced. Canada Worker Benefits (CWB)
Canada Worker Benefits CWB is a refundable tax credit that helps low-income individuals and families.
Source: Internet
Release time:
- January 12, 2024
- July 12, 2024
- October 11, 2024
You are eligible for the base amount of CWB if:
- 19 years of age or older as at 31 December, or residing with a spouse, de facto partner or child;
- Be a resident of Canada all year round;
- Have a job but earn less than the net income level set by the province or territory where you live.
Up to $1,428 CAD is available to eligible single Canadians. Meanwhile, families can receive up to $2,461 CAD. Depending on annual income, some people can also receive disability benefits of up to $737 CAD.
If you meet the above three conditions, you can get a maximum of about 10,000 Canadian dollars. Let's calculate how much you can get!