Alberta Residents Will Recieve 5 Benefits in November 2024: Amounts, Eligibility, and Payment Dates

In November 2024, Alberta residents can look forward to various provincial and federal benefits that provide support for families, low-income earners, and seniors. Here’s a detailed look at five key benefits coming to Albertans this month, with updated information on eligibility, amounts, and payment schedules.

1. Alberta Child and Family Benefit (ACFB)

The Alberta Child and Family Benefit (ACFB) provides financial assistance to low- and middle-income families with children, helping with the costs of raising children.

  • Eligibility: Families with children under 18 who are Alberta residents and meet income criteria qualify. The ACFB is automatically calculated when families file their taxes, with eligibility and payment amounts determined based on family income and number of children.
  • Amount: The maximum annual benefit is up to $5,120 for families with four children. Payments are issued in quarterly installments.
  • Payment Date: The next quarterly installment for eligible families is set for November 27, 2024.

2. Alberta Seniors Benefit (ASB)

The Alberta Seniors Benefit (ASB) supports low-income seniors by providing monthly financial assistance for living expenses. This benefit is in addition to federal benefits, such as Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).

  • Eligibility: Alberta residents aged 65 and older who receive OAS and have a household income below a certain threshold qualify for the ASB. Income thresholds are set by the Alberta government, with different limits for single seniors and senior couples.
  • Amount: Monthly payments vary based on income but can be as high as $285 for single seniors and up to $456 for couples.
  • Payment Date: November’s ASB payment will be deposited on November 25, 2024.
Alberta Residents Will Recieve 5 Benefits in November 2024: Amounts, Eligibility, and Payment Dates

3. Alberta Affordability Payments

The Alberta Affordability Payments program, initially launched to help with rising living costs, provides financial relief for families, seniors, and vulnerable Albertans. While this program was initially set to conclude, the Alberta government has extended the payments in 2024 to continue supporting low-income households.

  • Eligibility: Eligibility criteria include low- to moderate-income families with children under 18, as well as seniors and individuals on core support programs like AISH (Assured Income for the Severely Handicapped).
  • Amount: Eligible families and seniors can receive $100 per month, with payments issued quarterly.
  • Payment Date: The next payment for the extended Affordability Payments is scheduled for November 30, 2024.

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4. Alberta Climate Action Incentive Payment (CAIP)

The Alberta Climate Action Incentive Payment (CAIP) offsets costs associated with the federal carbon tax, providing quarterly payments to Alberta residents.

  • Eligibility: The CAIP is automatically available to all Alberta residents who file their taxes, with eligibility based on residency, not income. No separate application is required.
  • Amount: For a single adult, the annual amount is approximately $772, with quarterly installments. Families receive additional amounts based on the number of dependents.
  • Payment Date: The next quarterly CAIP payment will be issued on November 15, 2024.

5. Assured Income for the Severely Handicapped (AISH)

Assured Income for the Severely Handicapped (AISH) provides financial and health benefits to Albertans with severe disabilities, helping them cover basic living expenses.

  • Eligibility: AISH is available to Alberta residents over 18 with a severe and permanent disability that limits their ability to earn a sustainable income. Eligibility is based on both medical and financial criteria.
  • Amount: The monthly financial assistance includes up to $1,787 for single individuals and $2,950 for couples, along with additional health-related benefits.
  • Payment Date: Monthly AISH payments are issued on November 1, 2024.

These benefits offer essential financial support to Alberta residents in November 2024, whether you’re a senior, a family, or an individual in need. To stay updated on benefit amounts, eligibility criteria, and payment schedules, visit Alberta’s provincial benefits webpage or the CRA portal for federal benefits.

About Sophie Wilson 718 Articles
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.

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