4 New Increased CRA Payments 2024 September: The Canadian government is increasing numerous significant benefits through the Canada Revenue Agency (CRA) as of September 2024. The purpose of the CRA’s September 2024 benefit increase is to give Canadians who are struggling with growing living expenses additional financial support.
These adjustments are meant to lessen your financial load, regardless of whether you are a low-income earner, have children, or reside in a rural region. This indicates that low-income workers, families, and residents of rural areas may soon receive further financial assistance.
Highlights About 4 New Increased CRA Payments 2024 September
| Name of the Benefits | Eligibility | Prior payment Amount | September Amount | Payment Date |
| Canada Child Benefit (CCB) | Determined by family’s net income and must have children under the age of 18. | $7,437 | $7,786.92 | September 19, 2024 |
| GST/HST Credit: Lowering the Tax Burden | Determined by family’s net income and must have children under the age of 18. | For Singles: $496 | $519 | September 5, 2024, and Payments will continue in every 3 months |
| For Couple: $650 | $680 | |||
| Advanced Canada Workers Benefit (ACWB) | Determined by family’s net income and for low-income workers who are at least 19-year-old. | $1,428 | $1,518 | September 12, 2024. Payments will continue in every 3 months |
| Canada Carbon Rebate (CCR) | For specific provinces resident where the carbon pricing plan applies and who are at least 19-year-old. | 10% | 20% | September 15, 2024 |
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1. Canada Child Benefit (CCB): To help with the costs of raising children under the age of 18, qualifying families receive a tax-free monthly payment known as the Canada Child Benefit. The amount you receive is determined by the number of children in your care and your adjusted family net income.
Application Process: If you are already receiving the CCB, you do not need to reapply. New parents or those who have never applied previously can do so by using the CRA My Account or the RC66 form.
2. GST/HST Credit: The GST/HST credit is a tax-free quarterly payment intended to assist families and people with low to moderate incomes in offsetting the GST or HST they must pay on regular purchases.
Application Process: If you are already receiving the CCB, you do not need to reapply. New parents or those who have never applied previously can do so by using the CRA My Account or the RC66 form.
3. The Advanced Canada Workers Benefit (ACWB): A refundable tax credit, the ACWB is intended to assist working families and individuals with modest incomes. It offers financial support to cover necessary expenses and is a fantastic motivation to work.
Application Process: If you are already receiving the CCB, you do not need to reapply. New parents or those who have never applied previously can do so by using the CRA My Account or the RC66 form.
4. Canada Carbon Rebate (CCR): The federal carbon pricing plan’s expenses are partially covered by the Canada Carbon Rebate (CCR), formerly known as the Climate Action Incentive Payment (CAIP).
Application Process: If you are already receiving the CCB, you do not need to reapply. New parents or those who have never applied previously can do so by using the CRA My Account or the RC66 form.
