As the cost of living continues to rise, Ontario residents can look forward to two significant payments from the Canada Revenue Agency (CRA) this November 2024: the Canada Child Benefit (CCB) and the Ontario Trillium Benefit (OTB). These crucial benefits are designed to alleviate financial pressure for many families, particularly those with low to moderate incomes.

The CCB, a tax-free monthly financial aid, aims to support families with children under 18 years old by helping cover essential expenses such as schooling, clothing, and healthcare. On the other hand, the OTB serves as a relief mechanism for sales tax, energy expenses, and property taxes, thus aiding households in managing their monthly financial burdens.

Key Benefits of CRA Payments

1. Canada Child Benefit (CCB)