Myths Surrounding November Payment
There have been claims of a $1,518 Canada Workers Benefit payment to be received in November 2024. That is not true. The Canada Workers Benefit is a refundable tax credit for low-income workers. There is no November payment. The last payment of the quarter for 2024 will be October 11.
Canada Workers Benefit Description
The Canada Workers Benefit provides periodic payments to working individuals and families in lower- and middle-income statuses throughout the country. Its beneficiaries for 2024 are expected to get around $1,518 up to a maximum amount in benefits.
Families who could be eligible will get from around $2,616 in annual benefits. Meanwhile, those who may possibly receive disability benefits can attain around $784 in similar periodic payments. Payments through this benefit will be administered to beneficiaries by the CRA itself as determined by income amounts and family sizes.
Canada Workers Benefit Payment Schedule for 2024
It is published for the year 2024, as follows:
- 12 January
- 12 July
- 11 October
This final payment is done after income tax in Spring of 2025. Always cross-check the dates of payments from authentic sources like CRA to avoid misleading news.
Eligibility Criteria
- CWB eligibility is decided based on income threshold:
- Individuals: Gross Income of $35,095;
- Families: Gross Income of $45,934;
The recipient must be a Canadian resident who is aged 19 years or above and not a full-time student for more than 13 weeks unless they are a parent of a child.
Correct Information
Confirm the dates and amounts by direct channels to avoid errors. There are many different benefits programs, and due to a lack of information or combining the wrong one, the information can easily become misleading. For example, the Canada Child Benefit and the Ontario Trillium Benefit have payments for November.
Conclusion
While the Canada Workers Benefit is much-needed assistance for low-income workers, there is no $1,518 payment in November 2024. Rely only on reliable information coming from the CRA about changes in the benefit schedule.
