A week after the first GST credit payments of the year were sent out, the federal government is stepping in with additional financial relief for eligible Canadians. Through the Advanced Canada Workers Benefit (ACWB), qualifying individuals and families will receive extra support starting this month.
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What Is the Advanced Canada Workers Benefit (ACWB)?
The ACWB is an advance payment program tied to the Canada Workers Benefit (CWB), a refundable tax credit for low-income workers.
Eligible individuals can receive up to 50% of the CWB amount in advance, distributed across three payments throughout the year.
When Will the First ACWB Payment of 2025 Arrive?
The first payment of 2025 is scheduled for Friday, January 10. This offers a timely boost for Canadians working hard to make ends meet.
Who Is Eligible for the ACWB?
To qualify for the ACWB, you must meet the following criteria:
- Age and Residency
- Be over 19 years old on December 31, OR
- Live with a spouse, common-law partner, or child.
- Be a resident of Canada for the entire year.
- Income Threshold
- Be working but earning less than the net income limit set by your province or territory of residence.
How Much Can You Receive?
The amount you can receive through the ACWB depends on your income and family status.
Basic Benefit
- Single individuals: Up to $1,518
- Families: Up to $2,616
Disability Supplement
- Additional benefit: Up to $784 for individuals and families, depending on adjusted net income.
Provincial and Territorial Variations
- The maximum amounts for both the basic benefit and disability supplement may vary for residents of Quebec, Nunavut, and Alberta.
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Important Note on Eligibility
To receive advanced payments, you must meet one additional requirement:
- Be a resident of Canada on the first day of the quarter in which the payment is made.
Conclusion
The Advanced Canada Workers Benefit is an essential program aimed at supporting low-income workers across Canada. With the first payment of 2025 set for January 10, this initiative ensures eligible Canadians get timely financial aid throughout the year.
If you think you qualify, ensure you’ve applied for the CWB on your income tax return to start receiving these benefits.
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