The Canada Workers Benefit (CWB) is a vital program that provides financial aid to low-income working individuals and families.
It helps to supplement income, ensuring financial stability for those who need it most. In 2024, news surfaced about a potential $1428 payment under the CWB program.
While this specific amount has not yet been confirmed, it is important to understand the basics of the program, including eligibility criteria, payment amounts, and deposit dates.
$1428 Canada Workers Benefit Payment
The Canada Workers Benefit is designed to assist working Canadians with lower incomes by providing a refundable tax credit.
This means individuals can receive the benefit after filing their federal tax return, with no need for a separate application. The program includes two main components: a basic amount for all eligible individuals and a disability supplement for those who qualify.
Eligibility
Eligibility for the Canada Workers Benefit in 2024 is based on several factors such as age, residency, and income. Below are the basic eligibility requirements:
- Residency: You must be a resident of Canada for the entire year.
- Age: You must be at least 19 years old by December 31, 2023.
- Income: You must earn income from work, and your earnings should fall below certain thresholds, depending on your family status and location.
- Spousal Eligibility: If you have a spouse or common-law partner, they must also meet residency requirements.
- Dependent Eligibility: A dependent child under the age of 19 living with you can also affect your eligibility for CWB.
Income Thresholds
Eligibility for CWB payments depends on your income, and the limits vary based on family status and location. Below are the income thresholds for different categories:
| Status of Citizen | Canada (excluding Alberta, Quebec, Nunavut) | Quebec | Nunavut | Alberta |
|---|---|---|---|---|
| Family with Children | $43,212 | $35,912.95 | $58,932 | $43,952 |
| Family without Children | $43,212 | $45,060.02 | $58,932 | $43,952 |
| Individual with Children | $43,212 | $21,488.47 | $58,932 | $43,952 |
| Individual without Children | $33,015 | $29,072.64 | $58,925 | $33,093 |
Disability Supplement
For individuals eligible for the Disability Tax Credit (DTC), there is an additional CWB disability supplement. To qualify, you must meet the income criteria and have an approved DTC certificate (Form T2201). The income limits for this supplement are as follows:
| Status of Citizen | Canada (excluding Alberta, Quebec, Nunavut) | Quebec | Nunavut | Alberta |
|---|---|---|---|---|
| Family with Children | $48,124 | $39,613.15 | $65,757 | $48,886 |
| Family without Children | $48,124 | $48,760.22 | $65,757 | $48,886 |
| Individual with Children | $48,124 | $25,188.67 | $65,757 | $48,886 |
| Individual without Children | $37,932 | $32,772.84 | $65,750 | $38,007 |
Payment Amounts
The CWB payments vary depending on your income, family status, and location. For 2024, here are the payment amounts:
Basic CWB Payment
| Income Limit | Individuals Basic Amount | Income Limit | Families Basic Amount |
|---|---|---|---|
| Less than $24,975 | $1,518 | Less than $28,494 | $2,616 |
| Reaches $35,095 | Nil | Reaches $45,934 | Nil |
Disability Supplement
| Income Limit | Individuals Basic Amount | Income Limit | Families Basic Amount |
|---|---|---|---|
| Less than $35,098 | $784 | Less than $45,932 | $784 |
| Reaches $40,325 | Nil | Reaches $55,159 | Nil |
The $1428 Canada Workers Benefit Payment is not yet confirmed. However, individuals and families could potentially receive up to these amounts depending on their income and eligibility.
Non-Eligible Citizens
Not everyone qualifies for the CWB. You will not qualify if:
- You were imprisoned for more than 90 consecutive days.
- You do not file a federal tax return.
- You are a foreign official or servant who does not pay Canadian taxes.
Payment Dates 2024
Although the $1428 CWB payment is not officially confirmed, the CWB is generally paid quarterly. For 2024, the expected payment dates are:
- 12th July 2024
- 11th October 2024
- 10th January 2025
Payments are typically made through direct deposit into the recipient’s bank account.
The Canada Workers Benefit plays a crucial role in supporting low-income workers, helping them achieve financial security. While the $1428 figure for 2024 remains unverified, eligible individuals can expect regular CWB payments as long as they meet the requirements and file their tax returns on time.
FAQs
Who qualifies for the Canada Workers Benefit?
Anyone aged 19+ with low income and meeting residency criteria.
What is the maximum amount for CWB in 2024?
Individuals can receive up to $1,518, and families can get up to $2,616.
What is the Disability Supplement for CWB?
An additional payment of $784 for eligible individuals with disabilities.
When is the next CWB payment in 2024?
The next payment is expected on October 11, 2024.
How do I receive the CWB payment?
Payments are issued via direct deposit after filing your tax return.
