New Advanced Canada Workers Benefit Payment On October 12

Last Updated On 7 October 2023, 7:56 PM EDT (Toronto Time)

The Canada Revenue Agency (CRA) will be sending out the new Advanced Canada Workers Benefit payment (ACWB) to eligible Canadians on October 12, 2023.

The Advanced Canada Workers Benefit (ACWB) is a program designed to assist eligible individuals and families with low incomes by providing financial support.

The amount of the ACWB payment depends on the amount you are eligible to receive as a Canada Workers Benefit (CWB).

What is ACWB – Advanced Canada Workers Benefit

If you are entitled to receive the CWB, you will get up to 50% of your CWB in advanced payments under what is referred to as the Advanced Canada Workers Benefit (ACWB) in three primary quarterly benefits payments.

You must be a resident of Canada on the first day of the quarter to be eligible for the advanced payments.

This first payment of ACWB went out on July 28 and the second one is now scheduled for October 12, with the third and final payment to be sent on January 12, 2024.

Families or individuals who qualify will typically get this payment on October 12; however, it may take up to 10 business days for the money to appear in the associated bank account with the CRA.

Who gets Canada Workers Benefit

CWB is divided into two parts:

1. Basic CWB Benefit

Single individuals can get a maximum of $1,428 annually if their adjusted net income is $23,495 or less. This amount reduces gradually as the income increases, reaching $33,015.

No CWB is paid to individuals with adjusted net income of $33,015 or higher.

Families can get a maximum of $2,461 per year if their adjusted net income is $26,805 or less. This decreases gradually as income increases, reaching $43,212. No benefit is paid to families earning $43,212 or higher.

	Canada (excluding Alberta, Quebec, and Nunavut)	Quebec	Nunavut	Alberta
Family with children	$43,212	$35,912.95	$58,932	$43,952
Family without children	$43,212	$45,060.02	$58,932	$43,952
Single with children	$43,212	$21,488.47	$58,932	$43,952
Single without children	$33,015	$29,072.64	$58,925	$33,093

2. Disability Supplement Amount

If an individual’s adjusted net income is $33,018 or less, they are eligible to receive a maximum of $737 every year. As income rises, this sum progressively decreases as the income reaches $37,932.

Individuals with adjusted net incomes of $37,932 or more are not eligible for CWB disability payments.

If a family’s adjusted net income is $43,210 or less, they can also get up to $737 annually.

If one or both spouses are eligible for the disability tax credit and your adjusted family net income is more than $48,124, no disability supplement is paid.

If both spouses are eligible for the disability tax credit, no disability supplement is paid to families earning more than $53,037 annually.

You can use CRA’s official child and family benefit calculator to get an approximation of your advanced payments.

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