Plain meaning
A refundable tax credit intended to supplement earnings for eligible lower-income workers and families.
Also called
CWB
Key points
- Canada Workers Benefit depends on the eligibility rules set by the relevant tax, benefit, or program legislation.
- Filing an annual income tax and benefit return is often required so CRA can calculate eligibility and payment amounts.
- Amounts may depend on income, family status, age, disability status, residence, expenses, or the type of property or transaction involved.
- Because the support can produce a payment or reduce an amount paid at purchase, timing and documentation can affect household cash flow.
Why it comes up
Changes to the benefit can affect work incentives, household income, and affordability policy. It can affect tax payable, benefit eligibility, after-tax income, or the timing of CRA-administered payments.