The Canada Workers Benefit (CWB) will continue to provide monetary assistance to qualifying workers and families in 2024. This payment, totaling $1428, is made up of the Disability Supplement and the Basic Amount. As part of the Canada Workers Benefit, persons with lower incomes are eligible for a refundable tax credit, which is a significant resource. New quarterly payments for the Canada Workers Benefit will be provided to low-wage workers in Canada beginning January 12, 2024.
Who is eligible for $1428 CWB?
Individuals must meet the following criteria to be eligible for the basic CWB amount:
- Their working income must be less than the net income cap set by their province or territory.
- They must be Canadian residents all year.
- They must be 19 years old or older on December 31st, or they must live with a husband, partner, or child.
Some people, however, are not eligible for the CWB payout.These individuals include full-time students, those jailed for more than 90 days, and anyone who is legally barred from paying Canadian taxes. Spouses or partners must remain in Canada for the whole year and live with the beneficiary as of December 31st to be eligible for the CWB payout.
CWB Payment Dates 2024:
Your CWB payments are decided by a number of factors, including your domicile province, marital status, net income, working income, and disability supplement eligibility. The $1428 Workers Benefit from canada.ca will be deposited immediately into your account. Its two components are a basic sum and a disability supplement. The maximum benefit for a family as the base amount for the 2024 tax year is $2,461, and the maximum benefit for eligible individuals is $1,428, as well. If you fulfil the conditions for the disability tax credit, you may be eligible for an additional $737 in assistance for the disability component.
Read Also – Who Qualifies for the 2024 Canada Grocery Rebate?
