CRA $1800 Extra for Low Income In December 2024-Know Eligibility & Payment Dates

$1800 Extra for low-income by CRA in Dec 2024 is supposed to be submitted by CRA Canada. This payment will be given to low-income senior citizens of Canada. However, this news of $1800 Extra for Low-income by CRA in Dec 2024 might be fake or untrue. CRA has not declared any approval notice or cleared the status. However, seeing the increasing rate of inflation and living costs in Canada, the government is planning to release this payment for low-income senior citizens.

If CRA approves this payment in December 2024, the $1800 Extra payment will be credited to the beneficiaries’ bank accounts directly on 20th December 2024. In this guide, we will cover all the important aspects of $1800 Extra for Low-income by the Canadian government in December 2024. We will know, who will receive the extra $1800 in December.

$1800 Extra for Low-Income by Canadian Government: Highlights

What is $1800 Extra for Low-Income by CRA in Dec 2024? 

In Canada, CRA is the organization that takes care of and manages all the social security programs run by the Canadian Government. CRA provides financial aid to senior citizens who are facing daily life issues due to low income after retirement.

This financial support helps them purchase their households and necessary things after retirement. $1800 Extra aims to reduce their financial stress and issues. This payment will be credited one-time and is only for those who have low-income resources. OAS(Old Age Security) benefits are credited to ages seniors of age 65 or older. OAS benefit is applicable for those who have contributed to the CPP or Canada Pension Plan in the last few years. 

$1800 Extra Payment by CRA 2024 for Low-income: Eligibility

Although there is no official notice made by the concerned Department, the Canada Revenue Agency is expected to release the Extra payment of $1800 for low-income CPP contributors. Candidates who are already receiving the CPP OAS benefits monthly can get the $1800 Extra Payment on 20th December. There will be no need to apply separately for this additional payment. Beneficiaries who are facing issues due to low income will be able to get $1800 Additional payment by CRA. 

If you are residing in Canada:  

• You must be aged 65 or older to get these benefits.
• You must be a legal or lawful Canadian citizen during the claim application approval process.
• You must have resided in Canada for a minimum of ten years since you were at the age of eighteen. 

If you are not Residing Permanently in Canada, you must be:

• 65 or older
• Lawful citizen of Canada 
• Have resided in Canada for a minimum of twenty years since the age of eighteen.

Canadian but working out of Canada, then you must: 

• Have come back to Canada within six months of the last working day in that Canadian organization.
  
• Have completed 65 age and still working in a Canadian organization or government agency, and maintained Canadian citizenship from outside of Canada.

$1800 Extra Payment for Low-Income Citizens By CRA: Payment Dates

Regular OAS Payments are distributed monthly in the last week of the month by the Canada Revenue Agency. Once it is approved by the CRA, $1800 Extra OAS benefit will be credited directly to your bank accounts on 20th December 2024. 

$1800 Extra For Low Income in Dec 2024: Fact Check

Since the news of $1800 Extra for Low Income by CRA spread everywhere, we started research and concluded that this news is not true. However, it is expected that CRA is planning to release this Extra $1800 OAS Payment in December 2024. This news might become true once CRS approves before 20th November 2024.

FAQs For CRA $1800 Extra for Low Income In December 2024

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John Stepp is a distinguished financial journalist with a rich background in economics, holding a Bachelor’s degree from IIT Delhi and a Master’s in Financial Analysis from Stanford University, USA.