This tax credit of $1428 is known as Canada Workers Benefit (CWB) which aims to help low income workers throughout Canada. This is aid required by the working citizens of the country who receive their taxes paid regularly in 2024 and the government keeps on supporting them.
What is $1428 Canada Workers Benefit?
To support its objective The CWB hopes to provide low income workers with funding assistance through a refundable tax credit program. The yearly benefits for the years 2024 are $1428 for individuals and $2461 for families. The payment is split into three parts where the second part is due on October 12 of the year 2024. The availability of the said benefit benefits those who have difficulty meeting their daily living expenses due to the increased cost of living.
Eligibility for the $1428 Canada Workers Benefit October 2024
To qualify for the CWB in 2024, individuals must meet specific criteria:
• Be a Canadian citizen with valid documentation.
• Be at least 19 years old by the end of the year.
• Submit all relevant tax-related documents.
• Applicants with disabilities are entitled to an additional $737 disability supplement.
The single person can claim the 1428 benefit, but low-income families receive 2461. Persons with disabilities receiving the disability supplement get additional assistance.
Applying for the $1428 Canada Workers Benefit
Applicants can access the CWB through an online form when they are filing their tax returns. Self-identification is completed by filling in the Schedule 6 of the tax return so as to claim for the basic amount and the disability supplement if any. For both the spouses to receive the full benefit of this application, both have to meet these requirements.
If one has to file through internet, people can use their browsers to visit the Canada Revenue Agency website, login and fill the required forms. Upon the completion of all the necessary documentations and final approval, the amount of CWB is credited its applicant’s account.
Payment Schedule Canada Workers Benefit $1428 October 2024
The CWB is distributed in three installments over the year: the first is due in July, the second in October and the last in January 2025. If the message of the payment is not received within the expected time, the government says one should wait for 10 days of business before contacting them.