The New Advanced Canada Workers Benefit (ACWB) Payment will start rolling out to eligible Canadians on October 12, 2023, by the Canada Revenue Agency (CRA).
The Advanced Canada Workers Benefit (ACWB) is a program by the Canadian government to provide financial support to low-income workers and families across Canada.
The amount of the ACWB payment depends on the amount you are eligible for under the Canada Workers Benefit (CWB).
What is Advanced Canada Workers Benefit?
If you qualify for the Canada Workers Benefit, you can receive up to 50% of your CWB in advance through the Advanced Canada Workers Benefit (ACWB). Similarly, if you’re eligible for the disability supplement, you’ll receive 50% of that amount along with your basic advanced payments.
To be eligible for these advanced payments, you need to be a resident of Canada at the beginning of the quarter.
You can estimate the amount you’re entitled to receive in advance by using the Child and Family Benefit Calculator.
Please ensure that you input your information accurately, reflecting your situation as of December 31, as stated in your income tax and benefit return.
People who qualify can expect to get the money around October 12, 2023. But it might take up to 10 business days to show up in their CRA-linked bank account.
The Canada Workers Benefit (CWB) is available depending on your income and situation. Here’s a quick look at who is eligible to get this help.
You are eligible for Canada Workers Benefits (CWB) if:
- You earn income from a job and make less than a certain amount, determined by your province or territory
- You live in Canada all year
- You must be at least 19 years old by December 31, or live with your spouse, common-law partner, or child.
You are not eligible for the CWB if:
- You’re a full-time student at a designated educational institution for more than 13 weeks in the year, unless you have a dependent.
- You’re in prison for at least 90 days during the year.
- You don’t pay taxes in Canada because you work for another country as a diplomat or you’re related to or work for a diplomat.
Who is an Eligible Spouse or Partner?
Your spouse or partner is eligible for CWB payment if they:
- Live with you by December 31
- Live in Canada all year
Your spouse or partner isn’t eligible for the CWB if they:
- Are a full-time student at a designated educational institution for more than 13 weeks in the year, unless they have a dependent child by December 31
- Spend 90 days or more in prison during the year
- Don’t pay taxes in Canada because they work for another country as a diplomat or they are related to or work for a diplomat.
Who is an Eligible Dependent?
To qualify for the CWB, a dependent must fulfill the following criteria:
- Be your child, your spouse’s, or your common-law partner’s child.
- Be under 19 years of age and residing with you on December 31.
- Not be eligible for the CWB themselves.
You could get the disability part of the CWB if you:
- Can get the disability tax credit and have an approved Disability Tax Credit Certificate (Form T2201) with the CRA
- Make less than a certain amount, which is set by your province or territory
Maximum Basic Amount for the Canada Workers Benefit (CWB):
- For single individuals, the maximum basic amount is $1,428.
- This amount is reduced gradually if your adjusted net income exceeds $23,495.
- No basic amount is paid if your adjusted net income surpasses $33,015.
- For families, the maximum basic amount is $2,461.
- This amount is also gradually reduced if your adjusted family net income is more than $26,805.
- No basic amount is paid if your adjusted family net income exceeds $43,212.
It’s important to note that the maximum basic CWB amount may vary for residents of Quebec, Nunavut, and Alberta.
Maximum Amount for the CWB Disability Supplement:
- The disability supplement maximum amount is $737 for single individuals.
- This supplement is reduced gradually if your adjusted net income exceeds $33,018.
- No supplement is paid if your adjusted net income is more than $37,932.
- For families, the CWB disability supplement is also $737.
- It decreases gradually if your adjusted family net income is more than $43,210.
- Additionally, no supplement is paid if one spouse is eligible for the disability tax credit and your adjusted family net income exceeds $48,124.
Similarly, if both spouses are eligible for the disability tax credit and your adjusted family net income surpasses $53,037, no disability supplement is paid.
It’s important to note that the maximum amount for the disability supplement may vary for residents of Quebec and Nunavut.
Calculation of CWB Refundable Tax Credit:
The Canada Revenue Agency (CRA) calculates your CWB refundable tax credit based on several factors:
- Marital status and eligibility of spouse
- Province or territory of residence
- Earned working income
- Adjusted family net income
- Eligible dependant
- Eligibility for the disability tax credit
To apply for the CWB, you can follow one of two routes:
- Online Application: Follow the instructions given by your certified tax software.
- Paper Application: Complete and submit Schedule 6, Canada workers benefit.
To qualify for the disability supplement, you must claim both the base credit and the disability supplement when filing your income tax.
The 2023 CWB payments will be distributed on the following dates:
- First Payment: July 28, 2023
- Second Payment: October 12, 2023
- Third Payment: January 12, 2024
Didn’t Receive Your Payment?
If you don’t receive your CWB, first check your eligibility. If you’re eligible but haven’t received your payment, contact the Canada Revenue Agency (CRA). Be sure to wait at least 10 business days before contacting the CRA about a missed payment.