what is canada workers benefit

The Canada Workers Benefit (CWB) is a refundable tax credit in Canada that offers tax relief to working low-income individuals and encourages others to enter the workforce. It consists of a basic amount and a disability supplement, and the amount you can expect to receive depends on your income and other factors. The CWB provides advance payments equal to 50% of the CWB across 3 payments under the Advanced Payment Program, which puts more money in the workers' pockets to help cope with the rising cost of living. Anyone who received the CWB in 2022 will receive the advanced payments, and there is no need to apply. To be eligible for the CWB, an individual must earn working income, be 19 years of age or older on December 31st, and be a resident of Canada for income tax purposes. Individuals under 19 years of age may still be eligible for the CWB if they have a spouse or common-law partner or an eligible dependant. Full-time students at a designated educational institution are not eligible for the CWB, and income requirements and information on the amount of benefit you could receive can be found from the Canada Revenue Agency.