The Canada Workers Benefit (CWB) is payable to low to moderate-income individuals and families in 2024, at a minimum of 2,616 for families. The CWB is administered by the Canada Revenue Agency (CRA) that helps the Canadians to cushion the high cost of life amidst funding their basic needs like food, housing, and transport among others.
Background Information About Canada Workers Benefit
Organization: Canada Revenue Agency -Benefit Name: Canada Workers Benefit (CWB) -Benefit Amount: 2,616 for families -Payment Dates: January 12, July 12, October 11, 2024 -Beneficiaries: Low- to middle-income Canadians
Eligibility Requirements
Single applicants must have earned less than 43,212 combined. Applicants must be Canadian residents, at least 19 years old, and filed a regular tax return. Generally, full-time students without dependents or convicted criminals who spent more than 90 days in jail are not eligible.
What is Included
Payments are made in three installments, January 12, July 12, and October 11, 2024. Every family receives a different amount owing to the effects of location and income on the provincial and territorial rules that dictate payment. Further specifics about how the payments are calculated can be found on the CRA website.
How to Apply for the CWB
Simply submit your tax return and the CRA will determine eligibility and calculate the benefit. Take steps to report all of your income correctly and to update your information with the CRA to avoid receiving late payments.
For more information, visit the official Canada Revenue Agency (CRA) website.
