All the Federal and Provincial benefit cheques for 2024

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Published December 31, 2023 at 2:29 pm

In 2023, majority of Canadians grappled with economic challenges such as record inflation, increased grocery costs, and a higher cost of living.

These financial difficulties may have prompted many individuals to actively seek and apply for extra support, aiming to find relief from their day-to-day challenges.

Here are all the federal and provincial benefit cheques being disbursed in 2024.

Ontario Works or emergency assistance

For those facing financial difficulties like buying essentials such as food and paying for shelter, the Ontario government offers assistance known as Ontario Works or social assistance.

Additionally, emergency assistance provides short-term financial support during crises or emergencies.

Eligibility is based on household income, ownership, and family size and only one application is needed per family.

Applicants must be at least 16 years old, Ontario residents with Canadian status, and willing to participate in employment-related activities.

Emergency assistance is available for those in crisis, such as those affected by COVID-19, facing eviction, leaving an abusive situation, or experiencing a natural disaster.

Applicants must be Ontario residents with Canadian status, not currently receiving social assistance, and have ongoing income. Here are the payment dates:

  • December 29
  • January 31
  • February 29
  • March 28
  • April 30
  • May 31
  • June 28
  • July 31
  • August 30
  • September 27
  • October 31
  • November 29

Tax assistance for residents

Low-income seniors (65+ years) or individuals with disabilities owning and residing in their home for at least one year, can apply for an annual property tax rebate— if they meet specific criteria.

To be eligible, every property owner must receive benefits under the Guaranteed Income Supplement (GIS) Program or the Ontario Disability Support Program (ODSP).

Alternatively, the spouse of an owner receiving GIS or ODSP benefits also qualifies.

Some instances include:

  • If a married couple owns the property, either one must receive GIS or ODSP.
  • If a married couple, along with a sibling, owns the property, the sibling and either spouse must receive GIS or ODSP.
  • If two siblings own the property, both must receive GIS or ODSP.

Qualifying for the tax rebate automatically makes you eligible for a Stormwater Charge Subsidy.

Single-family homes receive the subsidy on their Region of Peel water bill, while condominiums receive a mailed cheque from the City of Mississauga.

Applications are to be submitted by December 31 of the current tax year, with submission possible at any point in the year —if all required documentation is available.

Canadian Pension Plan and Old Age Security

For residents who are over the age of 65, the maximum monthly payment for the Canadian Pension Plan (CPP) is $1,306.57.

For the Old Age Security (OAS) pension, individuals between ages 65 to 74 with an annual income of less than $142,609 are eligible for a monthly payment of up to $707.68. Those between the ages of 75 and over with an annual income of less than $148,179 may receive up to $778.45 per month.

The Canadian Pension Plan and Old Age Security payments are sent out monthly. The dates for these payments are:

  • January 29
  • February 27
  • March 26
  • April 26
  • May 29
  • June 26
  • July 29
  • August 28
  • September 25
  • October 29
  • November 27
  • December 20

Child Tax Credit

The Canada Revenue Agency (CRA) oversees the tax-free monthly Child Tax Credit benefit, designed for eligible families supporting children under 18. The CCB may incorporate the child disability benefit along with relevant provincial and territorial programs.

The dates for the Child Tax Credit are:

  • January 19
  • February 20
  • March 20
  • April 19
  • May 17
  • June 20
  • July 19
  • August 20
  • September 20
  • October 18
  • November 20
  • December 13

The Ontario Child Benefit offers up to $1,607 annually per child, depending on an individual’s family net income and the number of children under 18 years of age in their care.

Ontario Trillium Benefit

The Ontario Trillium Benefit, disbursed on a monthly basis, includes the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit. The payment dates are as follows:

  • January 10
  • February 9
  • March 8
  • April 10
  • May 10
  • June 10
  • July 10
  • August 9
  • September 10
  • October 10
  • November 8
  • December 10

Individual between the ages of 18 – 64 could receive an annual amount of up to $1,194. For those 65 years old and over may receive up to $1,360 per year.

Climate Action Incentive

Other benefits, such as the GST/HST credit and the Climate Action Incentive Payment Credit, are sent out quarterly, each on separate days. The Climate Action Incentive serves as a carbon tax refund for taxpayers. Here are the dates when the payments will go out:

  • January 15
  • April 15
  • July 15
  • October 1

The annual payment for a family of four in Ontario could be up to $976.

GST/HST refund

The quarterly payment dates for the GST and HST refunds are:

  • January 5, 2024
  • April 5, 2024
  • July 5, 2024
  • October 4, 2024

For individuals who are single, may receive an annual amount of $496.

Those who are married or have a common law partner are eligible to receive $650.

Parents with a child under the age of 19 could get $171 per child.

These cheques can all be cashed at any bank in Canada.

 

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