CRA offers various credit payments for the financial aid of Canadian Citizens. Some of the payments are issued monthly and some of the payments are issued quarterly. It is essential for all the recipients to know the payment dates so as to manage the finances efficiently. This Post will provide you the CRA Credit Dates August 2024 for the payments such as Old Age Security, Canada Pension Plan, Canada Child Benefit, Canada Workers Benefit, Child Disability Benefit, Employment Insurance and Guaranteed Income Supplement. Also we will get to know what these payments are and also we will check which payment is issued monthly and which payment is issued quarterly. What are the Canada Tax Credit Amount 2024 for these Programs?
CRA Credit Dates August 2024
CRA distributes the payments timely with the help of payment methods such as Direct Deposits or Cheques. OAS, GIS and CPP Payments are monthly payments issued to the retired, aged or senior citizens. CCB, CDB are monthly payments issued to the caretaker of a child. CWB is usually paid in Quarterly instalments. EI Benefits are issued bi- weekly. Based on the circumstances and eligibility these benefits payments are made. Usually these payments are based on age, status, income, residency, contribution, number of children, disability and many more conditions. In this post we will check CRA Credit Dates August 2024, covering eligibility, payment amount, payment mode and frequency of payment.
Canada Credit Benefits 2024- Overview
| Title | CRA Credit Dates August 2024 |
| Year | 2024 |
| Month | August |
| Country | Canada |
| Name of the Agency | Canada Revenue Agency |
| Name of the Payment | OAS, CPP, CCB, CWB, CDB, EI, GIS |
| Objective | Financial Aid |
| Canada Tax Credit Date 2024 | Check post |
| Mode of Payment | Direct Deposit or Cheque |
| Category | Finance |
| Official Web Portal | www.canada.ca |
CRA Tax Credit Date 2024
The Payments are made by the CRA through Direct Deposit and cheque. Here are the payment dates for August 2024:
| Name of the Payment | OAS, CPP, CCB, CWB, CDB, EI, GIS Payment Date 2024 |
| Old Age Security | 28th August 2024 |
| Canada Pension Plan | 28th August 2024 |
| Canada Child Benefit | 20th August 2024 |
| Canada Worker Benefit | Expected in October |
| Child Disability Benefit | Varies |
| Employment Insurance | Varies- Bi weekly |
| Guaranteed Income Supplement | 28th August 2024 |
Canada Tax Credit Eligibility 2024
Here check who qualifies for following CRA Credit Payments in 2024:
| Name of the Payment | Canada Tax Credit Eligibility 2024 |
| Old Age Security | Age requirements: 65 years or olderRequires citizenship or legal residency in CanadaMust have lived in Canada since turning 18 for at least ten years. |
| Canada Pension Plan | Age requirements: 60 years or olderOne CPP contribution must have been made. |
| Canada Child Benefit | Must reside with the child and the minor must not be older than eighteenReside in Canada in order to file taxesThe child’s care and upbringing must be the primary responsibility of one or both parents. |
| Canada Worker Benefit | Reside in Canada in order to file income taxes.Must be at least 19 years oldMust have received money from a job or business |
| Child Disability Benefit | Must fulfil the requirements set forth by the government for disabilityReside in Canada in order to file taxesMust receive CCB and DTC |
| Employment Insurance | Must have contributed to the EI program with premiums\Must looking for work Must ready to workMust have a qualified number of hours working experience in the last 52 weeks |
| Guaranteed Income Supplement | Have must getting OASIncome must be below the government’s poverty line |
Canada Tax Credit Amount 2024
Here we will get to know how much amount will be paid by CRA for the benefits such as OAS, CPP, CCB, CWB, CDB, EI, GIS. Check the CRA Credit Amount 2024 list:
| Name of the Payment | Canada Tax Credit Amount 2024 |
| Old Age Security | Age Monthly Amount 65 Years – 74 Years $718.3375 Years or Over $790.16 |
| Canada Pension Plan | $1364.60 |
| Canada Child Benefit | Check the distinct province Payment Amount for CCB |
| Canada Worker Benefit | Basic Amount for Single Individuals is $1518 Basic Amount for families is $2616 Disability Supplement amount for Single Individual is $784 Disability Supplement amount for Families is $784 |
| Child Disability Benefit | Maximum Annual Amount is $3322 Maximum Monthly Amount is $276.83 |
| Employment Insurance | Maximum Annual Amount is $63,200 Maximum Weekly Amount is $668 |
| Guaranteed Income Supplement | StatusMonthly Amount Single $1072.93 Spouse of Full OAS Receiver $645.84 Spouse of Allowance Receiver $645.84 |
FAQ Related To CRA Credit Dates August 2024
Through CRA My Account, MyCRA mobile app, or direct communication with the CRA can all be used to monitor the status of your payments.
It is recommended that you wait for at least five business days before contacting the CRA if your payment is not received on the scheduled date. Report the problem to the CRA if the delay continues.
John Wick is a Media and Finance editor, passionate about writing and editing content related to finance and taxes. He has achieved dual degree in Mass Media and Finance From one of the top universities in the World. He is keen to learn new things and changes which take place in the world of Finance and stocks.