As November 2024 approaches, recipients of federal benefits from the Canada Revenue Agency (CRA) can look forward to scheduled payments that support millions of Canadians, including seniors, families, and low-income individuals. This article provides a detailed overview of the upcoming payment dates for November 2024, along with the amounts and benefits you can expect.
Key Payment Dates in November 2024
Here’s a breakdown of the federal benefits administered by the CRA, which will be paid in November:
| Benefit | November Payment Date |
|---|---|
| Canada Pension Plan (CPP) | November 27, 2024 |
| Old Age Security (OAS) | November 27, 2024 |
| Canada Child Benefit (CCB) | November 20, 2024 |
| GST/HST Credit | No payment in November |
| Ontario Trillium Benefit (OTB) | November 8, 2024 |
| Alberta Child and Family Benefit | November 27, 2024 |
| Advanced Canada Workers Benefit | No payment in November |
Canada Pension Plan (CPP) in November 2024
The Canada Pension Plan (CPP) will issue payments on November 27, 2024. This monthly payment provides financial support to retired Canadians and those with disabilities. Depending on your circumstances and when you started receiving benefits, your CPP payment amount may vary.
If you’re newly retired and collecting CPP, the maximum monthly amount for 2024 is $1,770. Make sure you’ve set up direct deposit for timely access to your funds.
1. Old Age Security (OAS)
The Old Age Security (OAS) benefit is scheduled to be disbursed on November 27, 2024. OAS payments are based on the number of years you’ve lived in Canada after the age of 18. Seniors 65 and older can expect regular payments, which may include the Guaranteed Income Supplement (GIS) for low-income seniors.
2. Canada Child Benefit (CCB)
Families receiving the Canada Child Benefit (CCB) will see their payments on November 20, 2024. The amount you receive depends on your household income and the number of children under your care. For children under six years old, the maximum monthly payment is approximately $648.91 per child.
3. GST/HST Credit
The GST/HST Credit is paid quarterly, and there is no payment in November 2024. The next payment is scheduled for January 2025. This benefit is designed to help low-income individuals and families offset the cost of paying GST or HST.
4. Ontario Trillium Benefit (OTB)
Residents of Ontario who qualify for the Ontario Trillium Benefit (OTB) will receive their next payment on November 8, 2024. The OTB includes the Ontario Energy and Property Tax Credit and helps low-income residents with energy costs and property taxes.
5. Alberta Child and Family Benefit (ACFB)
Families in Alberta benefiting from the Alberta Child and Family Benefit (ACFB) will receive their next payment on November 27, 2024. This benefit supports families with low incomes and provides a monthly payment depending on the number of children.
How to Ensure You Receive Payments on Time
To avoid delays in receiving your benefits, ensure that your personal and banking information is updated in your CRA account. Setting up direct deposit is the fastest way to receive payments directly into your bank account. If you do not have direct deposit, your cheque may take longer to arrive.
FAQs
1. When is the Canada Pension Plan (CPP) payment for November 2024?
The CPP payment date for November 2024 is November 27, 2024.
2. How much is the maximum CPP payment in 2024?
The maximum CPP monthly payment for 2024 is $1,770 if you started your pension at the age of 65.
3. When will the Canada Child Benefit (CCB) be paid in November 2024?
The CCB will be paid on November 20, 2024.
4. Is there a GST/HST Credit payment in November 2024?
No, the GST/HST Credit is paid quarterly, and there is no payment scheduled for November 2024.
5. What date is the Alberta Child and Family Benefit (ACFB) payment?
The ACFB will be paid on November 27, 2024.
