Several federal and provincial benefit payments are scheduled for release in April.
These payments are designed to assist residents with various financial needs, such as tax rebates, pensions, and child benefits.
Below is an overview of the key benefit payments and their respective release dates.
Key April Payment Dates
- Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit: April 4
- Ontario Trillium Benefit (OTB): April 10
- Canada Child Benefit (CCB): April 17
- Canada Carbon Rebate (CCR): April 22
- Canada Pension Plan (CPP): April 28
- Old Age Security (OAS): April 28
- Veteran Disability Pension: April 29
- Ontario Disability Support Program (ODSP): April 30
Canada Carbon Rebate (CCR) – Last Payment
The Canada Carbon Rebate, previously known as the climate action incentive payment, provides financial assistance to residents of several provinces, including Alberta, Manitoba, New Brunswick, and others.
However, due to changes in Canadian carbon pricing policies, the fuel charge will be removed, and the rebate for individuals will end. The final carbon rebate payment will be issued on April 22, marking the conclusion of this program for individuals.
Ontario Trillium Benefit (OTB) – What You Need to Know
The Ontario Trillium Benefit (OTB) is a combined three-in-one payment, covering the Ontario energy and property tax credit, the northern Ontario energy credit, and the Ontario sales tax credit. Payments for this benefit will be issued on April 10.
Eligibility for the Ontario Trillium Benefit
To qualify for the OTB, applicants must meet the eligibility criteria for at least one of the following benefits:
- Ontario Energy and Property Tax Credit
- Northern Ontario Energy Credit
- Ontario Sales Tax Credit
Eligibility is primarily determined by your net family income from the previous year and whether you paid property tax, rent, or energy costs while living in Ontario.
How to Apply for OTB
To apply for the OTB, you must submit your income tax and benefit return for the previous year, ensuring that you include the ON-BEN application form as part of the submission.
Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) is a tax-free, monthly payment designed to assist eligible families with the costs of raising children under the age of 18. The benefit is recalculated annually, with payments being adjusted based on the family’s adjusted net income.
CCB Payment Breakdown
- Children under six years old: $7,787 per year
- Children aged six to 17: $6,570 per year
- Child Disability Benefit: An additional $3,173 per year for children with disabilities
Families with an adjusted net income under $36,502 are eligible for the maximum CCB payment.
Canada Pension Plan (CPP)
The Canada Pension Plan (CPP) provides a monthly pension to individuals who have contributed to the plan during their working years. To qualify, individuals must be at least 60 years old and have made contributions to CPP during their employment.
How Much Will I Receive from CPP?
The maximum monthly CPP payment for someone who starts their pension at age 65 is $1,364.60. The average monthly payment for a new retirement pension in July 2024 is $815. The amount you receive depends on factors such as:
- The age at which you start your pension
- The amount and duration of your contributions
- Your average earnings throughout your working life
You can estimate your monthly CPP payments by logging into your My Service Canada account.
Old Age Security (OAS)
Old Age Security (OAS) is a monthly payment available to residents aged 65 and older. Most individuals will be automatically enrolled for OAS by Service Canada, provided sufficient information is available. If you qualify, the OAS payment will be deposited on April 28.
Ontario Disability Support Program (ODSP)
The Ontario Disability Support Program (ODSP) provides financial assistance to eligible individuals with disabilities, covering basic living expenses, such as food, rent, and health benefits.
ODSP Payment Amount
Single individuals may receive up to $1,368 per month for basic needs and shelter. ODSP payments are issued on the last business day of each month, with payments for December often being issued earlier.
Veteran Disability Pension
The Veteran Disability Pension is a tax-free benefit provided by Veterans Affairs Canada to support veterans whose service-related disabilities impact their quality of life.
The payment amount varies based on the severity of the condition and its relation to the veteran’s service. Payments are scheduled for April 29.
What to Do if You Don’t Receive Your Payment
If you haven’t received a federal government benefit payment, wait at least 10 working days from the scheduled payment date before contacting the Canada Revenue Agency (CRA) for assistance.
April brings several essential government benefit payments for eligible individuals. From GST/HST credits to Canada Child Benefits, CPP, OAS, and more, these financial resources help residents manage living expenses and ensure support for vulnerable populations. Be sure to check the payment dates and apply or renew your eligibility for these programs as needed.
FAQs
What is the Canada Carbon Rebate, and why is it ending?
The Canada Carbon Rebate provided a financial rebate to residents of several provinces as part of Canada’s climate action initiative. However, due to changes in carbon pricing policies, the rebate is being phased out, with the last payment scheduled for April 22.
How do I qualify for the Ontario Trillium Benefit?
To qualify for the Ontario Trillium Benefit, you must meet the eligibility criteria for at least one of the three credits: Ontario Energy and Property Tax Credit, Northern Ontario Energy Credit, or Ontario Sales Tax Credit.
How much can I receive through the Canada Child Benefit?
The Canada Child Benefit provides up to $7,787 per year for children under six and $6,570 for children aged six to 17. Additional amounts may apply for children with disabilities.
When will I receive my Canada Pension Plan payment?
Canada Pension Plan payments are scheduled for April 28.