The Canadian government offers the Canada Workers Benefit, where CWB recipients receive the Advanced Canada Workers Benefit three times a year. The government offers this financial assistance to low-income workers to help them survive the rising cost of living.
Financial aid is a refundable tax credit that depends on many factors. ACWB recipients will receive the third payment in January 2025, recipients inquiring about the payment date can check the payment details here.
ACWB Payment date January 2025
The Canadian government offers low-income Canadians the Canada Worker’s Benefit (CWB), financially supporting them, encouraging them to join the workforce and recognizing their hard work. CWB recipients receive early access to a portion of their CWB benefit through the Advance Canada Workers Benefit.
ACWB payments help Canadians manage their immediate expenses over the course of the year in three installments, beginning in July, October and January. So, based on the current fiscal year, ACWB recipients would receive the third installment in January 2025.
According to ACWB payment rules, ACWB recipients will receive their payment on January 10, 2025. ACWB payments are typically made on the 10th of each quarterly month; however, the payment date may be moved if the due date falls on a weekend or public holiday.
ACWB Payment amount for January 2025
Under the Canada Workers Benefit, eligible Canadians receive a basic CWB amount and disability benefits for individuals and families. The CWB advance is 50% of the CWB as an ACWB payment, while if you are entitled to receive disability benefits, you may also receive half of the disability benefits payment with the ACWB payment.
Canadians can calculate their advance payments based on the CWB payment they are eligible for. The basic CWB payment and disability benefits for eligible Canadians are as follows:
- $1518 for individuals without family
- $2,616 for eligible households
- Maximum amount of disability allowance:
- $784 for singles
- $784 for households
Canadians should be aware that prepayments can vary depending on the family’s adjusted net income earned in the previous year. The maximum CWB payment may be different for people living in Nunavut, Quebec and Alberta.
How would your income affect ACWB payments?
ACWB payments depend on the CWB payment, which depends on the family’s adjusted net income. Canadians need to know the income limit set for CWB payments because above that limit, recipients would no longer be eligible to receive payments:
- The income limit for individuals who reduce the payment is $24,975, so above that limit the CWB payment will be reduced, and if the adjusted net income exceeds the limit of $35,095, there will be no payment.
- Adjusted net family income for the base CWB amount is $28,494, above the income limit the payment will be reduced, while if the amount exceeds $45,934 the payment will eventually stop.
- Single individuals who qualify for the CWB Disability Allowance may see their payment reduced if their adjusted income exceeds $35,098, while if it exceeds the $40,325 limit, the payment will stop.
- If the family’s adjusted net income exceeds $45,932, disability benefits will be reduced.
- When the recipient’s spouse receives the Disability Tax Credit and the family’s adjusted net income exceeds the value of the income of $51,159, they will not receive the Disability Allowance.
What are the eligibility criteria for receiving ACWB payments?
To qualify for ACWB, Canadians must be eligible for CWB payments and Canadian residents on the first day of the quarter. These are the CWB eligibility requirements that Canadians should examine.
Basic amount
- You are Canadian and living in Canada in the year the ACWB payment was made;
- You should be 19 years of age or older as of December 31 of the previous year and earn income from work;
- Your net income should meet the income limit set by the province where you live and live with a spouse or child or common-law partner.
Disability allowance:
- Your net income is below the income limits set by the province or territory in which you live;
- You are eligible for Disability Tax Credit and have submitted the Disability Tax Credit Certification Form to the CRA and been approved.
For advances, Canadians must be eligible to receive the base amount of the CWB Eligibility Criteria and if they qualify for a Disability Supplement, they will also receive an Advance Disability Supplement. Another condition Canadians should be aware of is that if both spouses are eligible for CWB benefits, only one of them can receive ACWB in a family.
Circumstances that may change your eligibility for ACWB
The CWB eligibility advance may change under the following circumstances:
- When recipients immigrated from Canada, there is no down payment;
- If the person died before 1 July, the body will not issue ACWB payments, however, if the change occurs during the quarter, this will not affect the advance payment for that quarter.
- If you are imprisoned or detained for 90 consecutive days or longer, you may not be eligible for aCWB payments.
Canadians who are eligible to receive the ACWB benefit can expect a quarterly payment on January 10, 2025, and if you want to set up a payment reminder, you can set it up through your account.
