The $1428 Canada Workers Benefit (CWB) is an essential financial aid designed to support low-income workers in Canada. For 2024, the benefit offers up to $1428 to eligible individuals and up to $2461 for families. This aid is distributed in three instalments throughout the year and aims to help those who work hard but struggle financially. In this article, we’ll explore the details of the $1428 Canada Workers Benefit for 2024, including the payment schedule, eligibility requirements, and how to check your application status.
$1428 Canada Workers Benefit Payment 2024
Overview of the $1428 Canada Workers Benefit
The $1428 Canada Workers Benefit is a financial aid program aimed at supporting Canadians with low incomes. For 2024, eligible individuals can receive up to $1428, while families may get up to $2461. This benefit is paid in three instalments: July, October, and January. It’s designed to provide relief to working individuals and families who need financial support despite their efforts.
To receive the $1428 Canada Workers Benefit, you must meet specific criteria set by the Canada Revenue Agency (CRA). This includes having a net income below a certain limit, being a Canadian resident, and having filed your income tax return for the previous year.
Payment Schedule
The $1428 Canada Workers Benefit will be paid in three instalments in 2024:
| Instalment | Date |
|---|---|
| 1st | July 12, 2024 |
| 2nd | October 12, 2024 |
| 3rd | January 12, 2025 |
Ensure that you are eligible and have filed your tax returns correctly to receive these payments on the specified dates.
Eligibility Criteria for $1428 Canada Workers Benefit 2024
To qualify for the $1428 Canada Workers Benefit, you must meet the following criteria:
| Criteria | Requirements |
|---|---|
| Income Threshold | Net income must be below a certain amount set by your province or territory. |
| Residency | Must be a Canadian resident. |
| Age | Must be at least 19 years old by December 31 of the year you are applying for. |
| Tax Filing | Must have filed your income tax return for the previous year (2023) and settled any outstanding tax payments. |
| Institutional Time | If you spent at least 90 days in prison or a similar institution last year, you won’t be eligible. |
$1428 Canada Workers Benefit Payment Amount
The payment amount of the $1428 Canada Workers Benefit varies based on your income and family status:
| Recipient Type | Maximum Amount | Disability Supplement |
|---|---|---|
| Single Individuals | $1428 | Up to $737 |
| Families | $2461 | Up to $737 |
Additional amounts may be provided if you meet the disability supplement eligibility criteria. For individuals, the disability supplement is reduced if your income exceeds $37,932. For families, the supplement depends on the combined income of both partners.
Important Links
- Canada GIC Increase for 2024
- CPP Changes by CRA in 2024
- $2350 Relief for Seniors in Canada
- 2025 Social Security Updates
- Centrelink Crisis Payment 2024
- Bank of America Settlement 2024
Payment Dates for 2024
The $1428 Canada Workers Benefit payments will be deposited into bank accounts on the following dates:
| Instalment | Date |
|---|---|
| 1st | July 12, 2024 |
| 2nd | October 12, 2024 |
| 3rd | January 12, 2025 |
If you do not receive your payment on the expected date, wait at least 10 more working days before contacting the CRA through their official website canada.ca.
Conclusion
The $1428 Canada Workers Benefit is a crucial financial aid for low-income Canadians, providing support in three instalments throughout 2024. Ensure you meet the eligibility criteria and file your taxes on time to receive this benefit. For further information or to check your application status, visit the Canada Revenue Agency website.
FAQ’s
When will I get the $1428 Canada Workers Benefit 1st Quarter Payment 2024?
The first payment will be issued on July 12, 2024.
How can I check the status of my $1428 Canada Workers Benefit application?
Visit the Canadian Government’s official site canada.ca, log into your account, and check your application status.
What are the eligibility criteria for the $1428 Canada Workers Benefit 2024?
Eligibility requires low income, timely tax payments, Canadian residency, and age requirements. Refer to the article for more details.