Enhanced Canada Workers Benefit rolls out. How much money could you get?
Low- and modest-income Canadian workers who received the CWB in 2022 will automatically receive their advance payments from the Canada Revenue Agency , Finance Minister Chrystia Freeland said Thursday.The CWB is a refundable tax credit that tops up the earnings of eligible Canadians and is indexed to inflation each year to help keep up with the cost of living,“The Canada Workers Benefit tops up the income of up to 4.
; they have been a Canadian resident throughout the year; they are 19 years or older on Dec. 31, or they live with their spouse or common-law partner or their child.For CWB purposes, an eligible spouse is someone who lives with the person receiving benefits as their spouse or common-law partner on Dec. 31, and is a resident of Canada throughout the year.
The CWB also contains a disability supplement, and Canadians are eligible for the tax credit if their net income is below accepted levels, and if they have an approved disability tax credit with the CRA.Canadians are not eligible for the CWB if they’re enrolled as a full-time student at a designated educational institution for more than 13 weeks in the year unless, on Dec.
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