Expansion of the Canada Workers Benefit

The Department of Finance announced the expansion of the Canada Workers Benefit that will now be available to about one million more Canadians.

The Canada Workers Benefit is a refundable tax credit that helps people who are working and earning a low income and a sizeable tax refund for workers.

With the expansion of this benefit, more Canadian low-income earners will be eligible for a tax refund of up to almost:
- $1,400 for workers who are single and without children and
- $2,400 for workers with families.

A total of 3.2 million Canadians are now eligible for this benefit.

The eligibility of the Canada Workers Benefit has been expanded to those with income up to:
- $32,244 as single Canadians, without children
- $42,197 as single-earner families
- $56,197 as double-earner families.

In addition to this, the expansion will also include a new provision which will allow secondary earners in couples, mostly women, to exclude up to $14,000 of their working income when calculating the benefit, allowing them to receive a more sizeable tax refund.

Source: https://www.canada.ca/en/department-finance.html
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