$1428 Canada Workers Benefit Payment 2024 – Will you Get this? Check Eligibility and First Quarter Payment Date

Written byPraveen Singh

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$1428 Canada Workers Benefit Payment 2024: The government of Canada along with the Canada Revenue Agency offered Canada Workers Benefits to eligible beneficiaries of the country. Many people in the country are working but the offered income is not enough to live a standard life. Therefore, the government decided to provide the $1428 Canada Workers Benefit Payment. It is a credit which helps individuals and families who are currently working but getting very low income.

Please note that it is a refundable tax credit. The Canada Workers Benefits has two parts i.e. a basic amount and a disability supplement. Beneficiaries will get the advance payments of up to half of the CWB Refundable Tax Credit under the ACWB i.e., Advanced Canada Workers Benefits. More information such as the payment dates, payment amount and others is provided below.

$1428 Canada Workers Benefit Payment 2024 – Will you Get this? Check Eligibility and First Quarter Payment Date

$1428 Canada Workers Benefit Payment

Individuals who are fulfilling the eligibility conditions required to get the benefit can claim the $1428 Canada Workers Benefit Payment while filing respective income tax returns. As per the official information, the officials will issue the advanced payment automatically across three payments. The First Quarter Payment Date is 12th July 2024.

The CAD Workers Benefit Payment will put more money in the pockets of workers which will help them during the increasing cost of living. The payment is provided directly into the account of beneficiaries or through the cheque. The decision depends on the choices made by beneficiaries while filing the return.

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www.canada.ca Workers Benefit Payment Eligibility Criteria

The following section includes the required eligibility criteria which must be fulfilled by respective applicants to get benefits of the Canada Workers Benefit Payment. Below is the detailed information on eligibility conditions:

  • Basic Amount Eligibility:
    • They must earn working income and the net income of the beneficiary is below the net income level set for their province or territory of residence
    • Applicants should be a resident of Canada throughout the year
    • Applicants must be at least 19 years old or older on 31st December or they must live with their spouse/ common-law partner or their child.
  • Disability Supplement Eligibility:
    • Individuals are eligible for the disability tax credit and have an approved Form T2201, Disability Tax Credit Certificate, on file with the Canada Revenue Agency.
    • The net income of the beneficiary is below the net income level set for their province or territory of residence.

CWB Refundable Tax Credit Payment Amount

The following section consists of information regarding the amount which will be offered to beneficiaries under the Canada Workers Benefit initiative. Here are the Canadian Workers Benefit Payment amount details:

  • Basic benefit maximum amount:
    • $1,518 for single beneficiaries: If the adjusted net income is higher than $24,975, the amount will be reduced gradually. No basic amount will be offered if the adjusted net income is more than $35,095.
    • $2,616 for families: If the adjusted net income is higher than $28,494, the amount will gradually be reduced. If the adjusted net income is more than $45,934, no basic amount will be provided.
  • Disability Supplement Maximum Amount:
    • $784 for single individuals: If the beneficiaries’ adjusted net income is more than $35,098, the CWB disability supplement will be reduced gradually. No amount will be provided if the adjusted net income is more than $40,325.
    • $784 for families: The benefit amounts will reduce gradually if the family’s adjusted net income is more than $45,932. However, no payment will be provided to benefits if one spouse is eligible for the disability tax credit and the adjusted net income is higher than $51,159 or if both spouses are eligible for the disability tax credit and the adjusted net income of the family is more than $56,386.

Frequently Asked Questions

What is the First Quarter Payment Date of $1428 Canada Workers Benefit?
According to the schedule mentioned officially, the authority will provide the first Canada Workers Benefit Payment on 12th July 2024. The remaining payments will be issued on 11th October and 10th January 2025.

What information is considered to calculate the www.canada.ca Workers Benefit amount?
The following information is considered to calculate the Canadian Worker’s Benefit amount which will be offered to beneficiaries:
Marital status – eligible spouse, Province or territory of residence, Earned working income, Adjusted family net income, Eligible dependant and Eligibility for the disability tax credit.

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1 thought on “$1428 Canada Workers Benefit Payment 2024 – Will you Get this? Check Eligibility and First Quarter Payment Date”

  1. Canada workers benefit. Guaranteed income supplement… I haven’t gotten any of these I find it hard to work with my condition but I can’t find work period [email protected]. thanks for any help

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