November is on its way, which means a fresh wave of government benefits and credits are rolling out for Canadians. If you're eligible, these CRA payments from the Government of Canada could offer a handy financial boost to wrap up the year, covering everything from essential tax credits to key pension payments.
Among the November 2024 benefit payments are the Canada Child Benefit, the Canada Pension Plan and Old Age Security, along with other valuable programs. Each one offers different support amounts and payment schedules, giving Canadians a range of options to receive government funds right to their bank accounts.
Here's your guide to the government payments for November, covering each benefit's purpose, the amounts you might expect and when the funds are set to arrive.
Ontario Trillium Benefit
The Ontario Trillium Benefit (OTB) offers monthly support to help low- and moderate-income Ontarians cover essential expenses like energy bills and property and sales taxes. This benefit combines three provincial credits: the Ontario Energy and Property Tax Credit (OEPTC), the Northern Ontario Energy Credit (NOEC) and the Ontario Sales Tax Credit (OSTC).
To be eligible for the OTB, you need to have filed your 2023 income tax return. If your income qualifies, you may have already started receiving monthly payments on the 10th of each month since July 2024. For those with an annual benefit of $360 or less, the full amount will have been provided as a one-time lump sum in July instead of monthly installments.
How much you can get: The exact amount varies based on your income and eligibility for each credit. Here's the maximum you could receive from each credit in November 2024:
- Up to $104 if you're 18 to 64, or up to $118.41 if you're 65 or older, from the OEPTC
- Up to $15 if you're single, or up to $23.08 for families, from the NOEC
- Up to $30 for each family member, including yourself, your spouse and any dependents, from the OSTC
Next payment date: November 8, 2024
More about the Ontario Trillium Benefit
Canada Child Benefit
The Canada Child Benefit (CCB) is a monthly tax-free payment aimed at helping families manage the expenses that come with raising children. Issued by the Canada Revenue Agency, this benefit may also include extra support for families with children who have disabilities.
To qualify for the CCB, you must live with a child under 18 and be responsible for their care, you should be a Canadian resident for tax purposes, and either you or your partner needs to meet certain residency requirements, like being a Canadian citizen or permanent resident.
How much you can get: The amount you receive is based on your family's income, the number of children you have and their ages. Families with an adjusted net income below $36,502 qualify for the maximum amount in 2024. This means up to $648.91 monthly for each child under 6, and up to $547.50 per month for each child aged 6 to 17. Payments gradually decrease as income rises.
Next payment date: November 20, 2024
More about the Canada Child Benefit
Old Age Security
The Old Age Security (OAS) pension is a monthly benefit designed to support Canadians aged 65 and up with everyday living costs. You can qualify for OAS even if you're still working or if you've never been employed.
To be eligible, you must be at least 65 years old and have lived in Canada for at least 10 years after turning 18. If you currently reside outside Canada, you'll need at least 20 years of Canadian residency. Most people are automatically enrolled, but if you don't receive an enrollment letter from Service Canada in the month after your 64th birthday, you may need to apply.
How much you can get: For the period from October to December 2024, the maximum monthly payment is $727.67 for those aged 65 to 74 and $800.44 if you're 75 or older. OAS payments adjust quarterly to match inflation. Plus, if you turned 75 after July 2022, your OAS payment will increase by 10% starting the month after your 75th birthday.
Next payment date: November 27, 2024
Canada Pension Plan
The Canada Pension Plan (CPP) retirement pension is a monthly benefit that helps replace your income once you retire, providing you with steady support for the rest of your life if you qualify. Note that Quebec operates its own program, the Quebec Pension Plan (QPP), which is separate from the CPP.
To qualify for the CPP, you need to be at least 60 years old and have made at least one contribution during your working years. Contributions come from work done in Canada, though credits can also be transferred if you go through a separation.
How much you can get: The monthly amount you receive is based on factors like when you start claiming your pension, the total contributions you've made and your lifetime earnings. For 2024, the maximum monthly payment for someone starting at age 65 is $1,364.60. You can get an estimate of your CPP benefits by logging into your My Service Canada Account.
Next payment date: November 27, 2024
More about the Canada Pension Plan
Alberta Child and Family Benefit
The Alberta Child and Family Benefit (ACFB) is a tax-free quarterly payment that provides financial support to Alberta families with children under 18. Managed by the Canada Revenue Agency but funded by the Alberta government, the ACFB is separate from the Canada Child Benefit (CCB) and is paid out to Albertans four times a year. The benefit has two components, with additional amounts available for families who meet certain income requirements.
How much you can get: The payments are subject to an income threshold and may be reduced as your family income grows, but the maximum quarterly payments you can get for the period from July 2024 to June 2025 are:
- $555.25 for your first child
- $355 for your second child
- $286.25 for your third child
- $217.50 for your fourth child
Next payment date: November 27, 2024
More about the Alberta Child and Family Benefit
Veteran Disability Pension
The Veteran Disability Pension is a monthly benefit for veterans living with a disability resulting from their military service. Eligible recipients include veterans of the Canadian Armed Forces, as well as those who served during the Second World War or the Korean War. Certain current or former members of the Royal Canadian Mounted Police (RCMP) and specific civilians who served in the Second World War may also qualify.
To receive this pension, you must have a diagnosed medical condition connected to your service. The Veteran Disability Pension provides lifetime monthly payments, with additional support if you have dependents, like a spouse or children.
How much you can get: Payment amounts vary depending on factors like your disability level. For veterans with the highest disability rating (Class 1), the maximum monthly payment is $3,357.30, with extra amounts for dependents: $839.33 for a spouse, $436.45 for a first child, $318.94 for a second child and $251.80 for each additional child.
Next payment date: November 28, 2024
More about the Veteran Disability Pension
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6 government benefit payments Canadians can get from the CRA in November
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