The Canadian government continues to support low- and moderate-income workers through financial assistance programs like the Canada Workers Benefit (CWB). With the new year, eligible individuals can receive an advance payment of up to $566 in February 2025 to help manage living expenses.
This article explains everything you need to know about the $566 CWB payment, including eligibility criteria, payment dates, and how to claim it.
$566 Canada Workers Benefits for February 2025
| Aspect | Details |
|---|---|
| Program Name | Canada Workers Benefit (CWB) |
| Given By | Canada Revenue Agency (CRA) |
| Payment Amount | Up to $566 |
| Payment Dates | February 10, 2025, July 11, 2025, October 10, 2025 |
| Official Website | Canada Revenue Agency (CRA) |
What is the Canada Workers Benefit (CWB)?
The Canada Workers Benefit (CWB) is a refundable tax credit designed to provide financial assistance to low-income workers. The $566 advance payment is part of the Advanced Canada Workers Benefit (ACWB), which allows eligible individuals to receive half of their total CWB amount earlier instead of waiting for their tax refund.
Why is the CWB Important?
- Helps workers manage expenses after the holiday season.
- Encourages continued workforce participation.
- Provides financial relief for essentials like food, rent, and transportation.
- Offers additional support for individuals with disabilities.
How to Claim the $566 Canada Workers Benefit?
Claiming the $566 CWB payment is straightforward, as the Canada Revenue Agency (CRA) automatically determines your eligibility when you file your tax return.
Steps to Ensure You Receive the Payment
- File Your Income Tax Return – Even if your earnings are below the taxable threshold, you must file a return for the CRA to assess your eligibility.
- Report Income Accurately – Ensure your employment income and personal details are correctly updated.
- Keep Banking Information Up to Date – Double-check that your direct deposit details with the CRA are correct to receive your payment on time.
- Disability Supplement (If Eligible) – If you qualify for the Disability Tax Credit (DTC), make sure you have a valid Form T2201 on file to receive an additional $737 in support.
Once you file your taxes and claim the CWB, the CRA processes your application and issues payments in either advance installments or as a lump sum, depending on eligibility.
MUST READ:
- GST Credit February 2025: Payment Dates, Eligibility, and Amounts
- Canada CRA Benefits Dates 2025: Month-Wise Schedule and Amounts
- $500 Monthly Electricity Rebate in Canada: Who Qualifies and How to Claim
Eligibility for the $566 Canada Workers Benefit
To qualify for the Canada Workers Benefit, you must meet specific income, employment, age, and residency criteria.
1. Income Thresholds
CWB is available to individuals and families with incomes below certain limits:
- Unmarried Individuals: Less than $33,015
- Families (Couples or Single Parents): Less than $43,212
2. Employment Income Requirement
Applicants must have earned income from wages, salaries, or other taxable employment income in 2024.
3. Age Requirement
You must be at least 19 years old by December 31, 2024, unless you have a spouse or common-law partner.
4. Residency Requirement
You must have been a resident of Canada for the entire tax year.
5. Who is Not Eligible?
You do not qualify for the CWB payment if:
- You were incarcerated for more than 90 days in 2024.
- You are not a Canadian resident for tax purposes.
Frequently Asked Questions (FAQs)
How do I know if I qualify for the $566 CWB payment?
If you meet the income, age, employment, and residency criteria, the CRA will automatically determine your eligibility when you file your tax return.
When will I receive the $566 Canada Workers Benefit?
The CWB advance payments will be distributed on:
- February 10, 2025
- July 11, 2025
- October 10, 2025
Do I need to apply separately for the Canada Workers Benefit?
No. The CWB is automatically calculated when you file your tax return, so there is no separate application process.
Can I get more than $566 in CWB payments?
Yes. The $566 is an advance payment, which is 50% of the total CWB amount. The rest will be paid when you file your 2024 tax return.
What if my income exceeds the eligibility limit?
If your income is above the thresholds ($33,015 for individuals and $43,212 for families), you may not qualify for the CWB.
Click here to learn more
Abhishek is a passionate technology and business enthusiast. I constantly explore the intersection where innovation meets entrepreneurship. With a keen eye for emerging trends and a deep understanding of market dynamics, I provide insightful analysis and commentary on the latest advancements shaping the tech industry.