New $2800, $1850 & $960 Payments May Come This Month: Know Payment Dates & More Details
New $2800, $1850 & $960 Payments May Come This Month
Three government deposits could enhance Canadians' finances this month. These payments range from $2800 to $960, depending on programs and conditions.
Canada Emergency Response Benefit (CERB)
The CERB program initially helped employed and self-employed Canadians who lost income due to the COVID-19 pandemic. A $2800 one-time payout for eligible participants is being considered once the program ends.
Canada Housing Benefit (CHB)
The CHB helps low-income renters. Benefits may rise to $1850 per year this month. This boost helps low-income households pay rent. The deposit date will be announced by the Canada Revenue Agency later this month.
Old Age Security (OAS)
Canada's OAS pension pays retirees 65 and older monthly. Benefits are adjusted annually for inflation.If qualified, the annual sum will jump to $960 this month. This could effect August 1, 2024's payment.
$2800, $1850, and $960 Deposit News
These three new payments will help eligible Canadians financially. A breakdown of prospective deposits: $2800 CERB Top-Up: The most uncertain payment, with no deposit dates. It initially supported COVID-19-related employment losses and income decreases.
CERB Top-Up Payment
Currently, there is no official announcement regarding a top-up payment for CERB. Keep an eye on updates from the Canada Services web portal for the latest information.
Canada Housing Benefit (CHB)
The CHB rise should begin this month. Existing CHB recipients will receive the additional amount in their bank accounts by the end of the month.
Old Age Security (OAS)
Monthly OAS payments are usually made on the first. The August 1, 2024 payment will improve senior financial support.