The $1428 Canada Workers Benefit (CWB) is designed to provide financial support to Canadians with low incomes. This article will explain how you can qualify for this benefit, the payment schedule, and the amounts you might receive.
What is the $1428 Canada Workers Benefit?
The $1428 Canada Workers Benefit (CWB) is a tax credit from the Canadian government aimed at helping low-income workers. The benefits include:
- Basic Income: The primary part of the benefit.
- Disability Supplement: An additional amount for those with disabilities.
Payments are distributed in three instalments over the year: July, October, and January.
Payment Schedule for the $1428 CWB 2024
The $1428 CWB payments will be made on the following dates:
| Payment Quarter | Payment Date |
|---|---|
| First Quarter | July 12, 2024 |
| Second Quarter | October 12, 2024 |
| Third Quarter | January 12, 2025 |
Payments are directly deposited into your bank account. If you do not receive the payment by the expected date, wait an additional 10 working days before contacting the Canada Revenue Agency (CRA).
Eligibility Criteria for the $1428 CWB 2024
To be eligible for the $1428 CWB, you must meet the following criteria:
| Eligibility Requirement | Details |
|---|---|
| Income Level | Your net income must be below a specific threshold, varying by province. |
| Age | Must be at least 19 years old by December 31 of the year you are applying for. |
| Residency | Must be a Canadian resident. |
| Tax Filing | Must have filed taxes for the previous year and cleared any outstanding tax payments. |
| Prison Time | Not eligible if you spent at least 90 days in prison during the previous year. |
Payment Amounts and Disability Supplement
The amount you receive from the CWB depends on your income and family status. Here’s a summary of the amounts:
| Recipient Type | Maximum Payment Amount | Disability Supplement |
|---|---|---|
| Single Individuals | CAD 1428 | Additional amount based on specific eligibility criteria. |
| Families | CAD 2461 | Additional amount if qualifying for the disability supplement. |
To qualify for the disability supplement:
- For individuals, the net income must be below $33,018 to receive the full $737.
- For families, the net income must be below $43,210 for full payment of $737. If either partner’s income exceeds CAD 48,124 and is eligible for the disability benefit, they will not receive the supplement.
Checking Your Application Status
To check the status of your $1428 CWB application, visit canada.ca. Log in to your account to view your application status and ensure everything is in order.
Conclusion
The $1428 Canada Workers Benefit is a crucial financial aid for low-income workers in Canada, provided in three payments throughout the year. By meeting the eligibility requirements and understanding the payment schedule, you can ensure you receive the financial support you need. For any issues or further information, always refer to the CRA’s official website.
FAQ’s
When will I receive the $1428 CWB 1st Quarter Payment for 2024?
The first quarter payment for the $1428 CWB will be deposited on July 12, 2024. Make sure to meet all eligibility requirements to receive your payment on time.
How can I check the status of my $1428 CWB application?
You can check the status of your $1428 CWB application by logging into your account on the Canadian government’s official website at canada.ca.
What are the eligibility criteria for the $1428 CWB payment in 2024?
To be eligible for the $1428 CWB payment, you must have a net income below the set threshold, be a Canadian resident, be at least 19 years old, and have filed your taxes for the previous year. For more details, refer to the eligibility section of this article.