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Canadian Worker’s Benefit – do you know about this?

ByPatricia Dent

https://www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-workers-benefit.html

The Canada workers benefit (CWB) is a refundable tax credit to help individuals and families who are working and earning a low income.

The CWB has two parts: a basic amount and a disability supplement.

  • You can claim the CWB when you file your income tax return.
  • Eligible individuals and families can get up to half of the CWB in advance payments instead of waiting for tax time.
  • The Canada workers benefit (CWB) is a refundable tax credit to help individuals and families who are working and earning a low income.
  • The CWB has two parts: a basic amount and a disability supplement.
  • You can claim the CWB when you file your income tax return.
  • Eligible individuals and families can get up to half of the CWB in advance payments instead of waiting for tax time.

Eligibility

You are eligible for the Canada workers benefit (CWB) if you:

  • earn working income
  • are a resident of Canada for income tax purposes throughout the year
  • are 19 years of age or older on December 31, or you live with your spouse or common-law partner or your child

You are not eligible for the CWB if you:

  • are enrolled as a full-time student at a designated educational institution for more than 13 weeks in the year unless, on December 31, you have an eligible dependant
  • are confined to a prison or similar institution for a period of at least 90 days during the year
  • do not have to pay tax in Canada because you are an officer or servant of another country, such as a diplomat, or you are a family member or employee of that person

For CWB purposes, an eligible spouse:

  • lives with you as your spouse or common-law partner on December 31
  • meets all the conditions listed above under eligibility

For CWB purposes, an eligible dependant:

  • is your or your spouse’s or common-law partner’s child
  • is under 19 years of age
  • is not eligible for the CWB

Disability supplement

You may be eligible for the disability supplement if:

Claim the Canada workers benefit

To claim the Canada workers benefit, you must either:

Claiming the disability supplement:

  • If you have an eligible spouse and one of you is eligible for the disability tax credit, that person should claim both the basic amount and the disability supplement.
  • If you have an eligible spouse and both of you are eligible for the disability tax credit, only one of you can claim the basic amount. However, each of you must claim the disability supplement on a separate Schedule 6.

(for advance payment – check the site)

If you want an advance payment there is a deadline is The Canada Revenue Agency must receive your completed Form RC201 by August 31. 

Patricia Dent
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