Benefit cheques that are coming in February to Ontario residents

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Published January 28, 2024 at 2:47 pm

Government benefit cheques being sent out in February 2024

Those looking for a bit more cash next month might want to check their mailbox or bank account as more benefit cheques are slated to go out.

Here are the four payments being sent out in February:

RELATED: Have you missed a benefit cheque in Ontario?

Canadian Pension Plan and Old Age Security

If you’re over 65, the highest monthly payment from the Canadian Pension Plan (CPP) is $1,306.57. For the Old Age Security (OAS) pension, those aged 65 to 74 earning less than $142,609 annually can get up to $707.68 monthly. If you’re 75 or older with an annual income below $148,179, you may receive up to $778.45 per month.

The Canadian Pension Plan and Old Age Security payments are sent out monthly. The next date for these payments are:

  • Feb. 27

Ontario Works or emergency assistance

For those facing financial difficulties like buying essentials such as food and paying for shelter, the Ontario government offers assistance known as Ontario Works or social assistance.

Additionally, emergency assistance provides short-term financial support during crises or emergencies.

Eligibility is based on household income, ownership, and family size and only one application is needed per family. Here is the next payment date:

  • Feb. 29

Child Tax Credit

The Canada Revenue Agency (CRA) manages the tax-free monthly Child Tax Credit benefit for eligible families with kids under 18. It may include the child disability benefit and provincial programs.

The Ontario Child Benefit provides up to $1,607 yearly per child, based on family income and the number of children under 18 in their care.

The next payment will be:

  • Feb. 20

Ontario Trillium Benefit

The Ontario Trillium Benefit, disbursed on a monthly basis, includes the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.

Individual between the ages of 18 – 64 could receive an annual amount of up to $1,194. For those 65 years old and over may receive up to $1,360 per year. The next payment date is:

  • Feb. 9

 

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