Subject: CFG
The Canada Workers Benefit is putting more money in the pockets of those working hard to join the middle class
Budget 2019 announced new measures to further improve access to the Canada Workers Benefit
MONCTON, NB, May 21, 2019 /CNW/ - The Government of Canada is continuing to grow the middle class and help those working hard to join it by providing more support to low-income workers. Earlier this year, the Government of Canada introduced the Canada Workers Benefit (CWB), to help low-income workers take home more money while they work and encourage more people to join and stay in the workforce.
Today, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, was in Moncton to announce that low-income workers are now eligible to receive advance payments of the CWB as of April. In addition, the Minister highlighted that Budget 2019 proposes $4 million over two years, starting in 2019?20, to conduct targeted outreach that would increase awareness of the CWB, including the advance payment provision, and to allow low-income workers to apply online for advance payments through Canada Revenue Agency's My Account portal.
The CWB is more generous than the Working Income Tax Benefit, which it replaces. For example, a low-income worker earning $15,000 a year could receive close to $500 more under the program for the 2019 tax year than for 2018. This means more support to help cover essential expenses. The CWB will offer real help to more than 2 million Canadians who are working hard to join the middle class.
Quotes
"The new Canada Workers Benefit will mean more money in the pockets of the people of New Brunswick who are working to join the middle class. The implementation of this new benefit builds on the success of the Canada Child Benefit and the soon-to-be-launched Canada Housing Benefit. We will continue to look for ways to improve the benefit and support all those working hard to join the middle class."
? The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development
"The Canada Workers Benefit is a refundable tax credit that helps supplement the earnings of low-income workers. Simply put, those who need it most will have more money in their pockets."
? The Honourable Ginette Petitpas Taylor, Minister of Health and Member of Parliament for Moncton?Riverview?Dieppe
Quick Facts
- The CWB features a payment option that allows beneficiaries to receive up to four advance payments of the benefit throughout a year, totaling up to half of their estimated CWB entitlement for the year.
- It is estimated that about $66.1 million will be allocated to low-income workers in New Brunswick through the Canada Workers Benefit during the 2018?19 to 2022?23 period as a result of Budget 2018 measures.
Associated Links
My Account
Canada Workers Benefit
SOURCE Employment and Social Development Canada
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