Canada Workers Benefit Payment Dates 2024, Amount, Eligibility & Claiming Procedure!

For the 2024 tax year, eligible individuals can receive a maximum benefit of $1,428, while families can receive up to $2,461.It comes in two parts: a basic amount and a disability supplement. The upcoming payment is on January 12, 2024.

Canada Workers Benefit Payment Dates 2024

The Canada Workers Benefit is a helping hand for low-income earners, topping up their income with up to $1,428 through a refundable tax credit. It comes in two parts: the basic amount and a disability supplement. 

To see if you qualify, check the eligibility criteria and use the convenient online calculator. Instead of one lump sum, the benefit arrives in three installments throughout the year, on July 12th, October 11th, and January 12th. 

Whether you’re a single earner entitled to $1,428 or a family receiving up to $2,461, this benefit can make a real difference. So delve into the details on Canada.ca and see how the Workers Benefit can support you.

Who is eligible for the CWB Payment in January 2024?

To qualify for the basic amount:

  • Earn working income below your province/territory’s net income limit.
  • Be a resident of Canada throughout the year.
  • Be 19 years old or older on December 31st (or live with a spouse/partner/child).

You’re NOT eligible if:

Canada Workers Benefit Payment Dates

  • You’re a full-time student (unless you have a dependent).
  • You’re incarcerated for 90+ days.
  • You don’t pay Canadian taxes due to diplomatic status.

Your spouse/partner is eligible if:

  • They live with you as your spouse/partner on December 31st.
  • They’re a resident of Canada throughout the year.

They’re NOT eligible if:

  • They are full-time students (unless they have a dependent).
  • They’re incarcerated for 90+ days.
  • They don’t pay Canadian taxes due to diplomatic status.

An eligible dependent is:

  • Your child or your spouse/partner’s child.
  • Under 19 years old and lives with you on December 31st.
  • Not eligible for the CWB themselves.

To be eligible for the disability supplement:

  • You must qualify for the disability tax credit and have an approved T2201 form.
  • Your net income must fall below your province/territory’s net income limit.

CWB Payment Schedule 2024

The CWB is primarily delivered through three advance payments throughout the year, with a final adjustment based on your actual income tax return filed the following year. Here are the official payment dates as per the Canada Revenue Agency (CRA):

  • First Advance Payment: January 12, 2024
  • Second Advance Payment: July 12, 2024
  • Third Advance Payment: October 11, 2024

Canada Workers Benefit Payment 2024 Amount

The CWB offers two parts to its financial support: the basic amount and the disability supplement. Each comes with a maximum payout depending on your circumstances, gradually decreasing as your income rises. Let’s break it down:

Basic Amount:

  • Singles: You can receive up to $1,428, but this amount shrinks as your income after adjustments (“adjusted net income”) surpasses $23,495. No basic amount is offered if your adjusted net income exceeds $33,015.
  • Families: Your family can benefit from a maximum of $2,461, gradually decreasing above $26,805 in adjusted family net income. This support stops entirely if your adjusted family net income surpasses $43,212.
  • Important note: Residents of Quebec, Nunavut, and Alberta have different maximum amounts.

Disability Supplement:

  • Singles: If you qualify for the disability tax credit, you can receive up to $737 in additional support. 
  • Families: Similar to the basic amount, families with one spouse eligible for the disability tax credit can get up to $737, declining past $43,210 in adjusted family net income. 
  • However, the rules differ if both spouses qualify. In that case, the maximum decreases as your adjusted family net income crosses $48,124, and no supplement is given beyond $53,037.
  • Quebec and Nunavut: Have different 

Claiming the Canada Workers Benefit (CWB) 2024

There are two ways to claim your CWB.

When you file your income tax return:

  1. This is the traditional method and ensures you receive the correct amount based on your actual income.
  2. Do your taxes electronically or file a paper return, including Schedule 6 (Canada Workers Benefit).

Through automatic advance payments:

  1. The CRA estimates your CWB based on your previous year’s income and sends you three advance payments throughout the current year.
  2. No need to apply separately, but receiving the ACWB doesn’t guarantee you’ll get the full amount, and you might need to repay some at tax time.

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