Canada Workers Benefit Payment

Last Updated On 7 January 2024, 10:30 PM EST (Toronto Time)

New Canada Workers Benefit Payment 2024: On January 12, 2024, eligible Canadians will receive a new payment from the Canada Revenue Agency (CRA) for the Advanced Canada Workers Benefit (ACWB).

The Advanced Canada Workers Benefit (ACWB) is a payment created to offer financial support to qualified workers and their families with low incomes.

Depending on their income, eligible single workers can get up to $1,518 and families can receive up to $2,616.

These benefit payments are divided into three quarterly Canada Workers Benefit payments.

What are the Advanced Canada Workers Benefit (ACWB) payments?

In the event that you meet the requirements for the Canada Workers Benefit, you will receive three main quarterly benefits payments totaling up to 50% of your CWB in advanced payments under the Advanced Canada Workers Benefit (ACWB).

For you to be qualified for the advanced payments, you have to be a resident of Canada on the first day of the quarter.

The ACWB paid its first quarterly payment on July 28 and the second payment on October 12. The third ACWB payment will now be made on January 12, 2024.

Usually, on January 12, qualifying families or individuals will get this payment; however, it could take up to 10 business days for the funds to show up in the linked bank account with the CRA.

Eligibility for Canadian Workers Benefit Payment?

CWB is split into two sections:

Basic Canada Workers Benefit Payment

You are eligible to receive the base amount of the CWB if you meet the following criteria and are a year-round resident of Canada:

You either live with your spouse, common-law partner, kid, or yourself, or you are 19 years of age or older as of December 31, 2022.

If you have a job and earn money, but in 2022 your net annual income was less than the following:

	Canada (excluding Alberta, Quebec, and Nunavut)	Quebec	Nunavut	Alberta
Family with children	$43,212	$35,912.95	$58,932	$43,952
A 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

CWB Income Requirements

Recall that you are not qualified for CWB if any of the following describes you:

Students enrolled full-time (more than 13 weeks annually) are not eligible unless a qualifying dependent is present.
You spend a minimum of ninety days a year in jail or a similar facility.
You are working in Canada but without filing taxes, like diplomats who serve as officers or employees of another nation.

Eligibility for Supplementary Disability Income

You can be eligible for the CWB disability payment if you satisfy all of the following conditions:

You have an approved Form T2201, Disability Tax Credit Certificate, on file with the CRA and are eligible for the disability tax credit.

In 2022, your net annual income was less than the sum indicated below:

	Canada (excluding Alberta, Quebec, and Nunavut)	Quebec	Nunavut	Alberta
Family with children	$48,124	$39,613.15	$65,757	$48,886
Family without children	$48,124	$48,760.22	$65,757	$48,886
Single with children	$48,124	$25,188.67	$65,757	$48,886
Single without children	$37,932	$32,772.84	$65,750	$38,007

How Much Canada Workers Benefit Payment Can You Get?

Basic CWB Benefit Payment

If an individual’s adjusted net income is $23,495 or less, they are eligible to receive a maximum of $1,428 every year, split into three quarterly payments.

As the income rises, this sum steadily decreases until the income reaches $33,015.

Individuals with adjusted net incomes of $33,015 or more are not eligible for CWB payments.

If a family’s adjusted net income is $26,805 or less, they can get up to $2,461 annually.

As income rises, this progressively declines. No benefit payment is paid to families making $43,212 or more.

Please note that this CWB income cutoff is different for Quebec, Nunavut, and Alberta.

Disability Supplement Payment

The maximum disability benefit payment for single people with an adjusted net income under $33,018 is $737.

This payment gradually reduces with an increase in income and no disability supplement is provided to a person whose adjusted net income exceeds $37,932.

The maximum disability benefit payment is $737 if a household’s adjusted family net income is less than $43,210.

No disability supplement is paid if one spouse meets the eligibility requirements for the disability tax credit and their adjusted family net income exceeds $48,124, or if both spouses meet the requirements and their adjusted family net income exceeds $53,037.

The maximum amount of the disability supplement is different for inhabitants of Quebec and Nunavut.

How do I apply for the Canada Workers Benefit Payment?

You can apply online for the CWB by following the directions given by your certified tax software. Or,

Schedule 6, Canada workers benefit, must be filled out and submitted on paper in order to apply for it.

If you or your spouse are eligible for the disability tax credit, you must claim both the base credit and the disability supplement in order to be eligible for the disability supplement.

Only one of you may claim the minimum amount if you are both qualified. On separate Schedule 6 forms, nevertheless, you must make the disability supplement claim.

You do not need to apply for Advanced Canada Workers Benefit (ACWB) payments because they are issued automatically.

The Canada Revenue Agency (CRA) will ascertain your eligibility upon receipt of your income tax and benefit return.

The CRA will automatically send you payments if you claim a CWB amount on line 45300 of your income tax and benefit return.

By November 1st of the fiscal year, the CRA must have received your income tax and benefit return for you to be eligible for the advance payments.

What are the upcoming new Canada Workers Benefit payment dates?

The upcoming Advanced Canada Workers Benefit payments in 2024 are on January 12, July 12, and October 11.

What if I don’t get the Advanced Canada Workers Benefit Payment?

First of all, make sure that you qualify for the Canada Workers Benefit payment.

If you meet the eligibility requirements, you can get in touch with the CRA.

However, bear in mind the following two points before contacting CRA:

The payment is made on the preceding business day when the issuance date falls on a weekend or a federal holiday.

In the event that your payment was not received on the scheduled date, you should also wait 10 business days before calling the agency.

Gagandeep Kaur Sekhon

Gagandeep Kaur Sekhon moved to Canada in 2010 on a study visa. She navigated through the ups and downs of her student life and gained her permanent residency in 2015. Today, she is a proud Canadian citizen residing in Calgary, Alberta. She is mother of 2 beautiful daughters and making her difference through writing and guidance at INC – Immigration News Canada.