2016 Tax Credit/Benefit Payment dates

[Ciel]

Benefit payment dates

Canada child tax benefit (CCTB) - including related provincial and territorial benefits
Last: December 11, 2015 | Next: January 20, 2016

Goods and services tax/Harmonized sales tax (GST/HST) credit - including related provincial credits
Last: October 5, 2015 | Next: January 5, 2016

Universal child care benefit (UCCB)
Last: December 11, 2015 | Next: January 20, 2016

Working income tax benefit (WITB)
Last: October 5, 2015 | Next: January 5, 2016

Alberta family employment tax credit (AFETC)
Last: July 27, 2015 | Next: January 27, 2016
Ontario trillium benefit (OTB) - including Ontario energy and property tax credit (OEPTC),
Northern Ontario energy credit (NOEC) and Ontario sales tax credit (OSTC)
Last: December 10, 2015 | Next: January 8, 2016

[jerryhung]

Thanks for the dates

CRA also has a list of all dates
https://www.canada.ca/en/services/be.../calendar.html

so has the new Liberal change kicked in yet? It's so confusing nowadays ...

[tjthemanto]

Thanks for the dates

CRA also has a list of all dates
https://www.canada.ca/en/services/be.../calendar.html

so has the new Liberal change kicked in yet? It's so confusing nowadays ...

TFSA limit has already been reduced this year from $ 10,000 ( 2015 limit ) to $ 5,500 ( new 2016 limit ).

Also I think there is a slight reduction in middle class income taxes. Not sure if its gone through or if it has to be approved in the coming budget in 2-3 months. But with Liberal majority, passing most bills shouldn't be an issue.

The 2016 budget shoul be interesting. After almost 10 yrs a different party is coming out with a budget. Lets see how many election promises are kept and/or broken or if some new things are coming. A huge DEFICIT is probably a given .

[tjthemanto]

HST was deposited today

[Ciel]

HST credit : July 5
Working Income Tax Benefit: July 5
Ontario Trillium Benefit (if getting lump sum or first monthly installment): July 8
Canada Child Benefit: July 20
http://www.cra-arc.gc.ca/bnfts/ccb/menu-eng.html
Alberta Family Employment Tax Credit: July 27

[tjthemanto]

July 5 - Tuesday - HST qtrly credit.

it might be slightly different than the previous April one, as July 1 - June 30 the credits are based on 2015 income, and new year for gov. benefits start.

benefits upto June 30, 2015 were based on 2014 Income. From July 1, 2016 they will be based on 2015 income.

[tjthemanto]

HST credit : July 5
Working Income Tax Benefit: July 5
Ontario Trillium Benefit (if getting lump sum or first monthly installment): July 8
Canada Child Benefit: July 20
http://www.cra-arc.gc.ca/bnfts/ccb/menu-eng.html
Alberta Family Employment Tax Credit: July 27

Plus they will be slightly different than previous months benefits as new year July 1, 2016 to June 30, 2017 has started as far as gov. Benefits are concerned. Plus now they will calculate it based on 2015 income.

[Ciel]

Oct. 5-Working income tax benefit, Goods & Services/Harmonized Sales Tax Credit.
Oct. 7-Ontario Trillium Benefit
Oct. 20-Canada Child Benefit
http://www.cra-arc.gc.ca/bnfts/bnfts-pymnts-eng.html

[Ciel]

Dec. 9-Ontario Trillium Benefit (if receiving monthly benefit)
Dec. 13-Canada Child Benefit
http://www.cra-arc.gc.ca/bnfts/bnfts-pymnts-eng.html