Starting today, eligible Canadians will begin receiving the first of three automatic advance payments for the enhanced Canada Workers Benefit (CWB) without having to apply. The CWB is a refundable tax credit that tops up the incomes of over four million workers and is being reworked to help Canadians struggling with rising inflation. The advance payments, issued by the Canada Revenue Agency, will be equivalent to the minimum entitlement for the year and will not decrease even if income decreases. Finance Minister Chrystia Freeland highlighted the CWB changes as part of the government's efforts to assist Canadians with the rising cost of living.
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