Some Airdrie residents will receive several provincial and federal tax benefits next month, starting with the Goods and services tax / harmonized sales tax (GST/HST) credit.

According to the Canada Revenue Agency (CRA), the GST/HST tax credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST they pay.

"You are automatically considered for the GST/HST credit when you file your taxes."

July 5, 2024, is the benefit date payment for this credit, and it is the second last payment for 2024, with October 4 being the last payment.

Those eligible for the Canada Workers Benefit (CWB) will receive payment on July 12. The maximum basic amount for the CWB is $1,518 for single individuals.

"The amount is gradually reduced if your adjusted net income is more than $24,975. No basic amount is paid if your adjusted net income is more than $35,095."

Meanwhile, families can receive up to $2,616.

"The amount is gradually reduced if your adjusted family net income is more than $28,494. No basic amount is paid if your adjusted family net income is more than $45,934. The maximum basic CWB amount will vary for Quebec, Nunavut and Alberta residents."

The Canada Carbon Rebate is slated to be paid out on July 15.

"If you file your taxes electronically by March 15, 2024, you should receive your next CCR payment (formerly known as the Climate Action incentive payment) on April 15, 2024. If you file after March 15, 2024, generally, you can expect your CCR payment 6-8 weeks after your tax return has been assessed," The CRA says on its website.

The Canada Carbon Rebate (formerly known as the Climate Action Incentive Payment (CAIP)) is a tax-free amount that helps eligible individuals and families offset the cost of federal pollution pricing. It consists of a basic amount and a supplement for residents of small and rural communities.

The base amount for Alberta is:

  • $225 for an individual
  • $112.50 for a spouse or common-law partner
  • $56.25 per eligible child under the age of 19
  • $112.50 for the first eligible child in a single-parent family

The rural supplement is:

  • $45 for an individual
  • $22.50 for a spouse or common-law partner
  • $11.25 per eligible child under the age of 19
  • $22.50 for the first eligible child in a single-parent family

"The rural supplement is 20 per cent of the base amount. This increase is pending Royal Assent and will be implemented once it is received," The CRA underlined. 

The Canada child benefit will be paid out on July 19. Still, the CRA added that 'due to wildfires, residents in parts of Alberta, British Columbia, Manitoba, and Northwest Territories may experience a delay in the mail delivery of their CRA benefit and credit cheques.'

The CRA also notes that it administers the Alberta Child and Family Benefit, a Canada Child Benefit (CCB)- related program, on behalf of the Alberta provincial government.

"The Alberta child and family benefit (ACFB) is a tax-free amount paid to families that have children under 18 years of age."

For July 2024 to June 2025, you may be entitled to receive the following amounts:

  • $1,469 ($122.41 per month) for the first child
  • $735 ($61.25 per month) for the second child
  • $735 ($61.25 per month) for the third child
  • $735 ($61.25 per month) for the fourth child

"The benefit is reduced as family income exceeds $27,024. You may receive a partial benefit if your adjusted family net income is between $27,024 and $45,285."

In addition, families with a working income of more than $2,760 may be entitled to receive the working income component of:

  • $752 ($62.66 per month) for the first child
  • $685 ($57.08 per month) for the second child
  • $410 ($34.16 per month) for the third child
  • $135 ($11.25 per month) for the fourth child

"The amount is reduced if your adjusted family net income is more than $45,285.ACFB payments are made separately from the CCB payments and issued in August, November, February and May. The Alberta provincial government fully funds this program."

Send your news tips, story ideas, pictures, and videos to news@discoverairdrie.com. You can also message and follow us on Twitter: @AIR1061FM.

DiscoverAirdrie encourages you to get your news directly from your trusted source by bookmarking this page and downloading the DiscoverAirdrie app. For breaking news, weather and contest alerts, click here.