Eligible Canadians will receive their first automatic advance payments from the CRA as part of the newly enhanced Canada Workers Benefit on July 28.
Eligible Canadians will receive their first automatic advance payments from the Canada Revenue Agency as part of the newly enhanced Canada Workers Benefit on July 28.
“The Canada Workers Benefit tops-up the income of up to 4.2 million hardworking Canadians—because no one working full-time should be struggling to put food on the table or to pay their rent,” said Deputy Prime Minister and Minister of Finance, Chrystia Freelance, in a news release. , which implements some of the commitments from the 2023 federal budget. Previously, recipients would’ve had to wait until they’ve filed their taxes next year to receive the benefit.net income level set for their province
For example, a worker who earned a yearly income of $25,000 received $1,200 through the Canada Workers Benefit for 2022. Now, with the advance payments, the worker will receive three quarterly payments of $200, and a final payment of $600 after filing their 2023 taxes in early 2024.
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