ARCHIVED – Working Income Tax Benefit (WITB)
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ARCHIVED – Working Income Tax Benefit (WITB)
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- What is the Working Income Tax Benefit (WITB)?
- What are the proposed changes to the Working Income Tax Benefit?
- I have applied for the Working Income Tax Benefit advance payments for 2009. Will the upcoming changes affect my advance payments?
- What will I need to do to apply for the upcoming changes to the Working Income Tax Benefit?
- Where can I get more information about these changes?
1. What is the Working Income Tax Benefit (WITB)?
The WITB is a refundable 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.
2. What are the proposed changes to the Working Income Tax Benefit?
For 2009 and subsequent years, the budget proposes to increase funding for WITB. The budget states that an additional $580 million will be provided to the program. However, no details related to these upcoming changes have been announced.
It is expected that changes will be introduced for the 2009 tax return filing season.
3. I have applied for the Working Income Tax Benefit advance payments for 2009. Will the upcoming changes affect my advance payments?
No. Your advance payments for 2009 will not be affected by the upcoming WITB changes. Your advance payment for 2009 will be based on the current WITB structure.
4. What will I need to do to apply for the upcoming changes to the Working Income Tax Benefit?
Any changes to the WITB will be reflected in the 2009 tax package and can be claimed when you file your 2009 personal income tax return.
5. Where can I get more information about these changes?
The CRA encourages taxpayers to check our Web site often - all new forms, policies, and guidelines will be posted here as they become available.
In the meantime, please consult the Department of Finance's Budget 2009 documents for details.
- Date modified:
- 2015-07-15