New Canada Workers Benefit 2024 Payment Coming On July 12

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Last Updated On 7 July 2024, 11:10 AM EDT (Toronto Time)

The next quarterly payment for the Advanced Canada Workers Benefit will be sent on July 12, 2024, to help Canada’s lowest-paid workers make their lives more affordable.

Last year eligible single workers and families were entitled to amounts of up to $1,518 and $2,616 over the course of three basic quarterly Canada Workers Benefit payments, depending on their income.

Additionally, based on their annual income, eligible Canadian workers were entitled to a disability supplement of up to $737.

Usually, CRA increases most of the benefit payments and begin sending them in July every year, but ACWB income requirement and payment amount is yet not updated by CRA.

Every July 12, CRA makes an Advanced Canada Workers Benefit payment that is 50% of their entitlement, but it may take up to 10 business days to appear in the linked CRA bank account.

The Canada Workers Benefit (CWB) is available to individuals and families who work but do not make enough money to meet their ends.

There are two components to the CWB: the basic amount and the disability allowance. 

When you submit your income tax return, you are eligible to claim the CWB.

Starting in July 2023, the CWB has been providing advance compensation equivalent to 50% of the CWB in three installments under the Advanced Canada Workers Benefit, commonly known as ACWB payments.

CRA will make these payments based on the 2023 tax year. If an individual receives ACWB in 2023, they will receive the advanced payments automatically; they are not required to submit an application again.

If you are a year-round resident of Canada and satisfy all of the following criteria, you are eligible to receive the CWB’s base amount:

Your age is 19 years or more as of December 31, or you live with your spouse, your common-law partner, or your child.

CRA is yet to update income levels for 2023, but below are the income levels below which Canadians were eligible to receive CWB based on 2022 income levels:

Remember, if any of the following conditions apply to you, you are ineligible for CWB:

Students who are full-time (attending more than 13 weeks of the year) are ineligible unless they have an eligible dependent.

Each year, you serve a minimum of 90 days in prison or a similar facility.

Diplomats and their family members, who are officers or servants of another country, work in Canada but are not liable to taxes.

Eligibility for the disability supplement

You may be eligible for the CWB disability payment if you satisfy all of the qualifications listed below:

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

Disability supplement was not available in 2022, if the annual net income was less than listed below (2023 income levels are yet to be updated by CRA):

How much of a Canada Workers Benefit Payment can I receive?

If the adjusted net income of an individual living alone is less than $23,495, then the annual Canada Workers Benefit is $1,518. The quantity will decrease gradually as the income increases, ultimately reaching $33,015. 

As previously mentioned, eligible individuals will be entitled to a 50% payment of $759 per year, translating into $253 on July 12.

If your adjusted net income exceeds $33,015, you will not receive the Canada Workers Benefit.

Families with an adjusted net income of less than $26,805 are entitled to $2,616. As the income increases, this amount progressively decreases until it reaches $43,212.

Eligible families earning under $26,805 will receive $436 on July 12.

No baseline payment will be made if the adjusted family net income exceeds $43,212. 

Residents of Quebec, Nunavut, and Alberta will receive a varying maximum baseline CWB amount. 

Disability Benefit

For individuals who reside alone and have an adjusted net income of less than $33,018, the maximum disability benefit payment is $737 per year.

50% ACWB means  around $122 in quarterly payments on top of the above-listed baseline payment.

An individual with an adjusted net income exceeding $37,932 does not receive a disability supplement.

If the adjusted family net income exceeds $48,124 when one spouse is eligible for the disability tax credit or $53,037 when both spouses are eligible, no disability supplement is provided. 

The disability supplement’s maximum amount is subject to change for residents of Quebec and Nunavut.

How can I apply for the Canada Workers Benefit?

To obtain the CWB, you may apply online by following the instructions provided by your certified tax software Or,

It can be applied on paper by completing and submitting Schedule 6, Canada Workers Benefit.

To qualify for the disability supplement, if you or your spouse qualify for the disability tax credit, you must claim both the base credit and the disability supplement.

If both of you are eligible, only one of you can claim the minimal amount. However, you must claim the disability supplement on separate Schedule 6 forms.

For Advanced Canada workers benefit (ACWB) payments, you need not to apply as they are sent automatically.

Your eligibility will be determined by the Canada Revenue Agency (CRA) when you submit your income tax and benefit return.

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

The CRA must have received your income tax and benefit return by November 1 of the fiscal year for you to receive the advance payments.

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.

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