CRA Credit Dates July-August 2024 – Fixed Dates for OAS, CPP, CCB, CWB, CDB, EI, GIS

The Community Reinvestment Act (CRA), enacted in 1977, aims to ensure that banks serve low and moderate-income communities. This article provides the latest updates on CRA credits, eligibility, and the payment dates for various benefits like OAS, CPP, CCB, CWB, EI, GIS, and CDB for July 2024.

CRA Credit 2024

The Canadian government uses CRA to manage tax and credit-related programs, focusing on aiding residents facing economic hardships. Recently, the $300 Federal payment program was launched to help those needing additional financial support.

CRA Credit Dates July 2024

CRA payment dates are determined by the cost of living and Canada’s financial conditions. Due to wildfires in Canada’s northwest territories, there may be delays. Here are the anticipated dates:

• Canada Child Benefit (CCB): Paid on June 20, 2024
• GST/HST Credit: Paid on June 10, 2024
• CCR and ACWB Credits: Expected in mid-July 2024
• ACFB Credit: Scheduled for August 27, 2024

These dates are subject to change, so checking the CRA’s official website for updates is essential.

Payment Dates

Here are the details for various CRA benefits:

• OAS (Old Age Security): $956 paid on April 26, 2024, for seniors over 65.
• CPP (Canada Pension Plan): $1550 paid on June 26, 2024, for basic expenses.
• CWB (Canada Workers Benefit):
  • $1428 for individuals
  • $2461 for families
  • $737 for disabled individuals and family members
  • Payment on July 12, 2024
• CDB (Canada Disability Benefit): $650 for individuals between July 1, 2023, and June 30, 2024
• EI (Employment Insurance):
  • Maximum annual amount: $63,200 as of January 1, 2024
  • Weekly rate increased from $638 to $650
• GIS (Guaranteed Income Supplement):
  • Paid quarterly in January, April, July, and October
  • Up to $1,065.47 monthly for single, divorced, or widowed individuals

For the latest dates, always refer to the official CRA website.

Claiming CRA Credits

To claim CRA credits:

1. Check Eligibility: Ensure you meet the criteria for the specific program.
2. Apply Online: Visit the official CRA website, fill out the application form, and submit required documents.
3. Wait for Approval: CRA officials will contact you for document verification and other formalities.
4. Receive Payment: Once approved, the credit will be deposited into your bank account.

For detailed eligibility information and application forms, visit the CRA website or contact their officials.

Additional Information

The CRA also provides Carbon Tax Credits (CCR) to offset carbon taxes, paid quarterly in July, October, January, and April. Eligibility criteria must be met to receive these credits.

CRA benefits are designed to support disabled individuals and those with insufficient income. Stay updated by regularly visiting the CRA’s official web portal.

Keeping track of CRA credit dates and understanding eligibility requirements ensures you receive the financial support you need. Always consult the official CRA website for the most accurate and timely information.

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