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dd142664-gmail-c
February 28, 2024
Question

What is Canada Advance Work Benefit?how it will affect in my tax file

  • February 28, 2024
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    T
    Community Manager
    TurboTaxBrendaCommunity Manager
    Community Manager
    February 28, 2024

     

    Starting in July 2023 and based on the 2022 taxation year, the CWB will provide advance payments equal to 50% of the CWB across 3 payments under the Advanced Canada workers benefit (ACWB). This initiative puts more money in the workers' pockets to help cope with the rising cost of living.

    Anyone who received the CWB in 2022 will receive the advanced payments, there is no need to apply.

     

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