5 CRA Benefit Payments in December 2024

Many Canadians can look forward to receiving various government benefits issued by the Canada Revenue Agency (CRA) this December. These payments are designed to offer financial support to individuals and families across the country, helping to manage the cost of living. From the Canada Child Benefit (CCB) to Old Age Security (OAS) and the Canada Pension Plan (CPP), each program is tailored to meet specific needs. Here’s a breakdown of the payments expected in December 2024.

On This Page You Will Find:

• Overview of Canada Government Benefits for December 2024: A summary of the financial support provided by the Canadian government.
• Details on Major Programs: In-depth information on the Canada Child Benefit (CCB), Old Age Security (OAS), the Ontario Trillium Benefit (OTB), and the Canada Pension Plan (CPP).
• Disability Benefits: Insights into CRA-administered disability benefits for veterans and eligible Canadians.
• Payment Dates: Key dates for each benefit to help you stay informed.
• Tips for Managing Delays: Advice on direct deposit to avoid payment disruptions.

Canada Child Benefit (CCB)

The Canada Child Benefit (CCB) is a tax-free monthly payment designed to assist families with children under 18. To be eligible for the CCB, you must meet the following conditions:

1. You live with a child under 18 years of age.
2. You are primarily responsible for the child’s care and upbringing.
3. You are a resident of Canada for tax purposes.
4. You or your spouse/common-law partner must be:
   • A Canadian citizen.
   • A permanent resident.
   • A protected person with a positive Notice of Decision from the Immigration and Refugee Board.
   • A temporary resident who has lived in Canada for at least 18 months with a valid permit in the 19th month.
   • Registered or entitled to be registered under the Indian Act.

Important Note: You cannot receive the CCB for a foster child if Children’s Special Allowances (CSA) are being paid. However, you may be eligible if you care for a child under a kinship or close relationship program, provided CSA is not payable.

Payment Date: December 13, 2024

Ontario Trillium Benefit (OTB)

The Ontario Trillium Benefit (OTB) combines three credits into one monthly payment to assist low- and moderate-income residents in Ontario:

1. Ontario Energy and Property Tax Credit (OEPTC) – Provides relief for sales tax on energy and property taxes.
2. Northern Ontario Energy Credit (NOEC) – Offers additional support for higher energy costs in Northern Ontario.
3. Ontario Sales Tax Credit (OSTC) – A tax-free payment to offset the sales tax paid by individuals and families.

Payment Breakdown:

• Up to $104 for individuals aged 18-64, or up to $118.41 for those 65 and older (OEPTC).
• Up to $15 for singles or up to $23.08 for families (NOEC).
• Up to $30 per family member (OSTC).

Payment Date: December 10, 2024 (Note: If the 10th falls on a weekend or holiday, payments are issued on the last working day before the 10th.)

Old Age Security (OAS)

The Old Age Security (OAS) pension is a monthly payment for Canadians aged 65 and older. If you have not received an enrollment letter from Service Canada by the month after turning 64, you may need to apply for OAS.

Payment Breakdown (October to December 2024):

• $727.67 per month for individuals aged 65-74.
• $800.44 per month for those aged 75 and older.

Additionally, you may qualify for extra benefits such as the Guaranteed Income Supplement (GIS) and the Allowance or Allowance for the Survivor for individuals aged 60-64 based on income thresholds.

Payment Date: December 20, 2024

Canada Pension Plan (CPP)

The Canada Pension Plan (CPP) retirement pension provides monthly payments to individuals who have contributed to the CPP during their working years. You can start receiving CPP as early as age 60, although the payment amount depends on factors such as contribution history and the age at which you begin receiving benefits.

Highlights:

• You can continue to work while receiving CPP and increase your pension through post-retirement contributions if you are under 70.
• Contributions stop automatically at age 70, even if you are still employed.

Maximum Monthly Payment in 2024:

• $1,364.60 for individuals starting their pension at age 65.

Payment Date: December 20, 2024

Disability Benefits

The CRA also administers disability benefits for veterans, members of the Canadian Armed Forces, and former members of the Royal Canadian Mounted Police (RCMP). These benefits are tax-free and aim to support individuals with service-related medical conditions or disabilities.

Payment Options:

1. Pain and Suffering Compensation – A lifetime monthly benefit or a lump-sum payment.
2. Disability Pension – A monthly benefit with additional payments for dependents.

Maximum Monthly Payment:

• Up to $3,357.30 for veterans with the highest disability rating (Class 1).
• Additional payments include $839.33 for a spouse and $436.45 for the first child.

Payment Date: December 23, 2024

Managing Potential Delays

For individuals receiving their payments by cheque, it is important to note that ongoing disruptions, such as a potential Canada Post strike, may cause delays. Switching to direct deposit is a secure and reliable way to ensure timely receipt of funds.

The range of payments issued by the CRA in December 2024 reflects the Canadian government’s commitment to supporting various segments of the population. Whether it’s families with young children, seniors navigating retirement, or veterans with disabilities, these payments offer vital financial assistance to help manage everyday expenses and maintain quality of life. As the cost of living continues to rise, these programs provide a crucial lifeline for many Canadians. To ensure you receive your payments on time, consider enrolling in direct deposit and keeping your personal information updated with Service Canada and the CRA.

FAQ: Benefits Payments For December