For those who are excited about summer being a month away, but worried about the cost of things, you could see a large amount of cash coming your way from the federal government or provincial government.

Those who qualify could receive the goods and services tax/harmonized sales tax (GST/HST) credit, the Canada Carbon Rebate, the Canada Child Benefit (CCB) and the Alberta Child and Family Benefit (ACFB) from now until the end of August.

The first of the payments is the CCB payment tomorrow. This tax-free payment from the federal government, designed to assist with the expenses of raising children, is distributed monthly through the Canada Revenue Agency (CRA).

To apply for the benefit, and see if you are eligible and see how much you could receive, click HERE. The payment will also be sent out on June 20 and July 19. 

The next closest payment is the ACFB on May 27. The benefit is a tax-free amount paid to families that have children under 18 years of age on behalf of the Alberta government. All you had to do to find out if you qualify was to file your income taxes.

Between July 2023 and June 2024, Albertans could potentially receive the following amounts for each child:

  • $1,410 annually ($117.50 per month) for the first child
  • $705 annually ($58.75 per month) for the second child
  • $705 annually ($58.75 per month) for the third child
  • $705 annually ($58.75 per month) for the fourth child

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 next payments for the ACFB will happen in August, November and February.

Come July, you could receive two cheques in a matter of 10 days. The first is the GST/HST credit on July 5. Those who qualify also get quarterly payments.

Here is how much you could receive after all four payments:

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

It is designed to assist Canadians with low to modest incomes in reducing their tax burden. Application is not required, as individuals are automatically considered for this credit when filing their taxes.

The Canada Carbon Rebate will arrive shortly after on July 15, formally known as the Climate Action Incentive Payment.  According to the Government of Canada, the rebate takes fuel charge proceeds and returns it to Canadians through direct deposit or cheque three times a year. This ensures most households get money back, with lower-income households benefiting the most. Each year when you file your taxes you apply for the rebate automatically. 

Since 2019, the pollution pricing program, coupled with the corresponding rebate system, has been operational.

This initiative imposes a fee on greenhouse gas emissions, increasing the cost of burning fossil fuels, as well as motivating Canadians to alter their behaviours.

Here is how much you could expect in your pocket if you qualify:

  • $225 for an individual
  • $112.50 for a spouse or common-law partner
  • $56.25 per child under 18

Families residing in rural and small communities could qualify for an additional 20 per cent.

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