Canadians eligible for the enhanced Canada Workers Benefit will begin receiving the first of three automatic advance payments without having to apply starting friday.
Chrystia Freeland details $8.9B in measures to tackle affordability in first major speech since budget
Finance Canada said in a media statement that this year, the benefit will provide up to $2,616 for eligible families and up to $1,518 for qualifying single workers.Canadian workers who received the benefit in 2022 will automatically get the first of three advance payments from the Canada Revenue Agency without having to apply.
Rather than each payment being equal to a quarter of the total annual refund, the advance payments are equivalent to the minimum entitlement for the year and won't decrease even if family or individual income decreases from the previous tax year.Under the new advance payments structure, that worker will get $200 in each of their July, October and January payments, with the final $600 being distributed after 2023 taxes are filed.
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