Canada Tax Credit ยป working income tax benefit http://www.canadataxcredit.ca Mon, 27 Jul 2015 03:32:25 +0000 en-US hourly 1 https://wordpress.org/?v=4.1.24 Low Income Tax Credit | Working Income Tax Benefit http://www.canadataxcredit.ca/low-income-tax-credit-working-income-tax-benefit-witp/ http://www.canadataxcredit.ca/low-income-tax-credit-working-income-tax-benefit-witp/#comments Thu, 16 Sep 2010 17:54:21 +0000 http://www.canadataxcredit.ca/?p=12

Working Income Tax Benefit for Low Income Tax Credit:

The working Income Tax Benefit (WITB) is a refundable low income tax credit intended 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 on line 453 of your Income Tax and Benefit Return.

You can receive the working Income Tax Benefit (WITB) if you are:

  • 19 years of age or older on December 31, 2010
  • a resident of Canada throughout the year
  • a single individual without dependants who earns $3,000 to $12,833 per year, or a family (including couples with or without children, and single parents) that earns $3,000 to $21,167 per year

Visit here for more detail information.

Working Income Tax Benefit (WITB) Payments Dates:

  • April 5, 2010
  • July 5, 2010
  • October 5, 2010
  • January 5, 2011

Please note that The 2009 Federal Budget will increase funding for the WITB. However, advance payments for 2010 will be based on the 2009 rates.



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