canada money government 2024

All the ways Canadians could get extra money from the government in 2024

Canadians can expect to get some extra money from the government in 2024.

This year hasn't been easy when it comes to money with sky-high grocery prices, unaffordable housing, and the overall soaring cost of living in Canada.

So much so that some people have been forced to scratch names off of their holiday gift lists this season.

For those dreading the bills the new year will inevitably bring, you could get some relief with the help of the federal government's benefits, credits, and rebates.

Here is how and when you'll receive more money from the feds in 2024.

GST credit

When you'll receive the money:

It aims to help Canadian individuals and families with low to modest incomes offset the taxes that they pay.

According to the government, you could get up to:

  • $496 if you are single
  • $650 if you are married or have a common-law partner
  • $171 for each child under the age of 19

You don't need to apply for this credit because you're automatically considered for it when you file your taxes.

Last year, Ottawa doubled the GST Credit for six months during the height of inflation.

Canada Child Benefit (CCB)

When you'll receive the money:
  • January 19, 2024
  • February 20, 2024
  • March 20, 2024
  • April 19, 2024
  • May 17, 2024
  • June 20, 2024
  • July 19, 2024
  • August 20, 2024
  • September 20, 2024
  • October 18, 2024
  • November 20, 2024
  • December 13, 2024

The CCB — a tax-free payment from the government to help with the cost of raising children — is administered monthly by the Canada Revenue Agency (CRA).

Read this to learn if you're eligible, how you can apply, and how much you can get.

Canada Workers Benefit (CWB)

When you'll receive the money:
  • January 12, 2024
  • July 12, 2024
  • October 11, 2024

The CWB is a refundable tax credit that helps low-income individuals and families.

You're eligible for the basic amount of CWB if you are:

Eligible single Canadians can receive up to $1,428; meanwhile, families can earn up to $2,461.

You can also get up to $737 for the disability supplement based on your annual income.

Climate Action Incentive Payment (CAIP)

When you'll receive the money:
  • January 15, 2024
  • April 15, 2024
  • July 15, 2024
  • October 15, 2024

The CAIP is a tax-free amount paid to help individuals and families offset the cost of federal pollution pricing.

It's available to residents of Alberta, Saskatchewan, Manitoba, Ontario, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.

It consists of a basic amount and a supplement for residents of small and rural communities and is paid quarterly.

For province-specific benefits — including the Ontario Trillium Benefit and Alberta Child and Family Benefit — click here.

Lead photo by

Nadezda Murmakova/Shutterstock


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