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Eligible individuals and families have the option to apply for WITB advance payments.  The WITB advance payments correspond to a maximum of 50% of the WITB refundable tax credit (including the disability supplement, if applicable) that you expect to claim on your income tax return.  Any WITB that you are entitled to and did not receive as advance payments will be paid to you when your income tax return is assessed.  You will need to apply for WITB advance payments after January 1st and before September 1st each year to receive them.  You will need to submit a completed Form RC201,...
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The working income tax benefit or WITB is a refundable tax credit that aims to provide tax relief for eligible working low-income individuals and families who are already in the workforce and to encourage other Canadians to enter the workforce. You can claim the WITB if your working income is over $3,000 and you meet all eligibility requirements. You are eligible to claim the WITB if you are 19 years or older on December 31st and you are a resident of Canada for income tax purposes throughout the year. Note that you may still be eligible if you are under 19...
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As mentioned in our last blog, the most common documents that the CRA asks for in validating your eligibility for benefits and credits pertain to marital status, residency and primary caregiver. Marital Status If you don’t report your correct marital status, it can affect the calculation of your child and family benefits and credits.  The most common errors include defining if you are separated or living with a spouse or common-law partner. You might not be considered separated if you decided to separate but still live together or you now share a household after a period of living apart. A common-law...
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There are instances where the CRA has to validate your eligibility for benefits and credits.  They might ask you for documents in order to make sure that the right benefit and credit is paid to the right individual, to inform individuals about their eligibility and entitlement to benefits and credits and to maintain the integrity of child and family benefit and credit programs. The CRA’s review may increase or decrease your benefit, depending on the results of the review. To start the validation process, typically, the CRA sends the individual a letter or questionnaire.  You will need to reply to the...
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