For those eagerly anticipating summer's arrival but concerned about rising expenses, there might be some relief in sight.

You could see a significant amount of cash coming your way from the federal or provincial governments.

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

The CCB was delivered on May 17. 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, visit HERE. 

The upcoming payment dates are as follows:

  • June 20, 2024
  • July 19, 2024
  • August 20, 2024
  • September 20, 2024
  • October 18, 2024
  • November 20, 2024
  • December 13, 2024

After that you could receive the ACFB. 

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 have to do to find out if you qualify is 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 on May 27, followed by August, November and February.

Come July, you could receive two cheques within just 10 days.

The first is the GST/HST credit, scheduled for July 5.

Those who qualify for this credit receive quarterly payments, providing regular financial support throughout the year.

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

The GST/HST credit is designed to assist Canadians with low to modest incomes reduce their tax burden.

There's no need to apply separately for this credit; individuals are automatically considered when they file their taxes.

The Canada Carbon Rebate, formerly known as the Climate Action Incentive Payment, will arrive shortly after on July 15.

This rebate, as outlined by the Government of Canada, utilizes proceeds from fuel charges to benefit Canadians directly.

It is distributed three times a year via direct deposit or cheque, ensuring that most households receive a refund, with lower-income households seeing the greatest benefit.

When you file your taxes each year, you automatically apply for the rebate.

Since 2019, the pollution pricing program, alongside its associated rebate system, has been in effect.

This initiative entails levying a fee on greenhouse gas emissions, thereby raising the cost of burning fossil fuels and incentivizing Canadians to change their behaviors.

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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