The low-earning workers in Canada can benefit from the $1,428 Canada Workers Benefit in October 2024. The Canada Workers Benefit (CWB) is a refundable tax credit that is provided to the low-income working citizens of the country. The Canada Revenue Agency distributes the CWB payments in two major parts which are a basic payment and a disability supplement. The benefit is distributed by the CRA across three payments to the eligible citizens of the country. The latest information regarding the $1,428 Canada Workers Benefit October 2024 including its eligibility criteria, payment status, and application process is discussed in this post.
$1,428 Canada Workers Benefit 2024
- The payment amount that the applicants are entitled to claim depends on their income and the province or territory in which they are residing. The benefit amount may differ based on your status whether you are applying as an eligible individual or with your family. Though the $1,428 Canada Workers Benefit October 2024 is the same for all the provinces, it may vary for the residents of Quebec, Nunavut, and Alberta. Apart from the income and residency status, the CRA uses your marital status, adjusted family net income, and eligibility for disability tax credit to determine the CWB payment amount in 2024.
- The foremost purpose of the CRA behind implementing this payment is to make sure the low-income citizens do not have a lack of funds. This payment is considered a significant financial help provided by the federal government of Canada and the CRA for the welfare of low-income citizens. The claimants can afford their basic household requirements at the time of inflation and high living expenses. As the payment is not universal, the agency has set certain guidelines that must be qualified by the applicants to receive the $1,428 Canada Workers Benefit in 2024. However, the payment amount has significantly changed in 2024 and the eligible beneficiaries can now receive higher benefits.
$1,428 Canada Workers Benefits 2024 Overview
Post Title | $1,428 Canada Workers Benefit October 2024 |
Country | Canada |
Governed by | The federal government of Canada |
Department | Canada Revenue Agency (CRA) |
Category | Government aid |
Purpose | To provide financial support |
Applicable for | Eligible workers in Canada |
Month | October |
Year | 2024 |
Official website | canada.ca |
$1,428 Canada Workers Benefit October 2024 Eligibility
As the CWB payment amount is distributed in two parts, the eligibility requirements for the payment may differ. The citizens who are applying for the $1,428 Canada Workers Benefit October 2024 whether for the basic amount or disability supplement, must meet the following conditions to get the payment:
Basic Amount Eligibility
- An applicant must be a citizen and a permanent resident of Canada as per the residency rules.
- As the payment is for eligible workers in Canada, the applicants must be working and make sure their income does not exceed the federal limit.
- As per the age criteria, one must be at least 19 years old and must be living with his/her spouse or common-law partner or their child.
- Along with you, your spouse or common-law partner must be residing with you in Canada throughout the year.
- The child of the applicant must be under 19 years of age and not be eligible for the CWB as of December 31.
Disability Supplement Eligibility
- Must be a citizen and a permanent resident of Canada.
- An applicant must be eligible for the disability tax credit and must have an approved Form T2201, Disability Tax Credit Certificate.
- The net income of a claimant must be below the net income level of the province or territory in which you are living.
NOTE: If you are married and one of you is eligible for disability tax credit, then that person can claim both basic amount and disability supplement.
$1,428 Canada Workers Benefit Payment Status
The $1,428 Canada Workers Benefit in October 2024 is increased by the CRA for the eligible beneficiaries. The basic payment amount and the disability supplement start to reduce and no payment is paid to the applicant if the adjusted net income exceeds a certain limit. The new Canada Workers Benefit payment amount and the income limit are mentioned in the following table:
Basic payment
Category | Payment amount | Adjusted net income (payment reduction) | Adjusted net income (no payment is paid) |
For single individuals | $1,518 | $24,975 | $35,095 |
For families | $2,616 | $28,494 | $45,934 |
Disability supplement maximum amount
Category | Payment amount | Adjusted net income (payment reduction) | Adjusted net income (no payment is paid) |
For single individuals | $784 | $35,098 | $40,325 |
For families | $784 | $45,932 | $51,159 |
$1,428 Canada Workers Benefit Payment Dates
The citizens who are eligible for the $1,428 Canada Workers Benefit October 2024 can get advance payments of up to 50% of the CWB under the Advance Canada Workers Benefit (ACWB). The payments are provided on three different payment dates. The two ACWB payments have already been received by the eligible beneficiaries in 2024 on January 12, 2024, and July 12, 2024. Now, the eligible beneficiaries can expect their third and last ACWB payment for 2024 on October 11, 2024. On receiving the payment, the claimants can keep up with the higher cost of living in the country.
How to Apply for $1,428 Canada Workers Benefit in October 2024?
To receive the $1,428 Canada Workers Benefit, applicants need to file their federal tax returns. The CRA advises filing tax returns electronically as it is considered the quickest and easiest way to file tax returns. If you choose to paper file your tax returns, you can fill out and submit Schedule 6, Canada Workers Benefit.
As per the Advance Canada Workers Benefit, you do not need to apply to receive the benefits. The CRA will automatically consider your eligibility for the payment when you file your income tax and benefit return. For more information and to track your payment status, you can also visit the official website of the Canada Revenue Agency (CRA).
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