New Canada Workers Benefit 2023 Payments Beginning July 28

Last Updated On 29 July 2023, 10:24 AM EDT (Toronto Time)

New Canada Workers Benefit quarterly payments will now be sent out beginning July 28, 2023 to help make life more affordable for Canada’s lowest-paid workers.

Eligible single workers can get up to $1,518 and families can get up to $2,616 depending on their income, split between 3 basic quarterly Canada Workers Benefit payments.

Furthermore, eligible Canadian workers can also get up to $737 as a disability supplement based on their annual income.

Usually, eligible families or individuals will receive this payment on July 28, but it may take up to 10 business day for the payment to show up on the linked bank account with CRA.

What is Canada Workers Benefit?

The Canada workers benefit (CWB) is for people and families who work but don’t make enough money.

There are two parts to CWB: Basic amount and Disability Allowance.

When you file your income tax return, you can claim the CWB. Under the Advanced Canada Workers Benefit (ACWB), the CWB will give advance payments equal to 50% of the CWB over 3 payments starting in July 2023.

These payments will be based on the tax year of 2022. Anyone who got advanced CWB in 2022 will get the advanced payments automatically; they don’t have to apply again.

New Canada Workers Benefit 2023 Eligibility

Basic Amount of CWB eligibility

If you are a resident of Canada throughout the year and meet all of the following requirements, then you can get the basic amount of the CWB:

• Your age is 19 years or more as of December 31, or you live with your spouse or common-law partner or your child.
• If you work and make money, but your net annual income in 2022 was less than the amount as listed below:

Remember you are ineligible for CWB if one of the below listed applies to you:

• Full time students (more than 13 weeks in the year) are ineligible unless they have an eligible dependent.
• You are in prison or a similar place for at least 90 days during the year.
• Working in Canada, but do not pay taxes such as officer or servant of another country (diplomats) or their family members.

Eligibility for disability supplement

If you meet all of the following requirements, you may be qualified for the CWB disability payment:

You qualify for the disability tax credit and have an accepted Form T2201, Disability Tax Credit Certificate, on file with the CRA.

Your annual net income in 2022 was less than the amount as listed below:

How Much Canada Workers Benefit Payment Can I Get?

For individual living alone: $1,518 if their adjusted net income is less than $23,495. This amount will progressively reduce as the income increases until $33,015.

If your adjusted net income exceeds $33,015, you do not receive any Canada Workers Benefit.

For Families: $2,616 for households if family’s adjusted net income is less than $26,805. This amount gradually reduce as the income increases until $43,212.

If your adjusted family net income is more than $43,212, there will be no baseline amount payment.

The utmost baseline CWB amount varies for Quebec, Nunavut, and Alberta residents.

Maximum disability benefit payment is $737 for individuals living alone having adjusted net income of less than $33,018.

If an individual has an adjusted net income greater than $37,932, there is no disability supplement paid.

For families, maximum disability benefit payment is $737 if their adjusted family net income is less than $43,210.

If one spouse is eligible for the disability tax credit and your adjusted family net income is more than $48,124, or if both spouses are eligible and your adjusted family net income is more than $53,037, no disability supplement is paid.

The utmost sum of the disability supplement varies for Quebec and Nunavut residents.

How to apply for Canada Workers Benefit?

To obtain the CWB, you may apply online by following the instructions provided by your certified tax software Or,

It can be applied on paper by completing and submitting Schedule 6, Canada workers benefit.

To qualify for the disability supplement, if you or your spouse qualify for the disability tax credit, you must claim both the base credit and the disability supplement.

If both of you are eligible, only one of you can claim the minimal amount. However, you must claim the disability supplement on separate Schedule 6 forms.

For Advanced Canada workers benefit (ACWB) payments, you need not to apply as they are sent automatically.

Your eligibility will be determined by the Canada Revenue Agency (CRA) when you submit your income tax and benefit return.

If you claim a CWB amount on line 45300 of your income tax and benefit return, the CRA will send you payments automatically.

The CRA must have received your income tax and benefit return by November 1 of the fiscal year for you to receive the advance payments.

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