Working Income Tax Benefit Renamed and Enhanced
Updated: Nov 9, 2019
The Working Income Tax Benefit is a refundable tax credit that helps give tax relief to low-income individuals and families to encourage them to participate in the workforce.
The Working Income Tax Benefit is being renamed the Canada Workers Benefit. But that’s not all.
It will be enhanced beginning in 2019 and indexed (increased with inflation) thereafter. (Similar enhancements will be applied to the Canada Workers Benefit disability supplement.)
Under the Working Income Tax Benefit in 2018, single individuals without children were eligible for a maximum benefit of $1,059, while families were eligible for a maximum benefit of $1,922. Those maximum amounts are being increased under the Canada Workers Benefit in 2019 to $1,355 for individuals and $2,335 for families, respectively.Under the Working Income Tax Benefit in 2018, single individuals without children were eligible for a maximum benefit of $1,059, while families were eligible for a maximum benefit of $1,922. Those maximum amounts are being increased under the Canada Workers Benefit in 2019 to $1,355 for individuals and $2,335 for families, respectively.
To Mae Your Tax Filing Life Easier
The CRA will automatically determine if you’re eligible to receive the Canada Workers Benefit and assess your tax return as if you’ve already claimed it, even if you hadn’t on filing. If you’re an eligible couple making the claim, the CRA will designate the partner who is to receive the benefit.