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I file tax for 2021 BC. I am single, my income is less than $22,944, I tick CWB, but why the refund only increase by $10, as oppose $1,395? Is this turbotax error?
$1,395 for single individuals
The amount is gradually reduced if your adjusted net income is more than $22,944. No basic amount is paid if your adjusted net income is more than $32,244."
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Troubleshooting
Individual Working Income
- $3,000 Base Amount
= Individual Working Income Over the Base Amount
x 27%
= Canada Workers' Benefit Amount (or $1,395, whichever is less).
If your individual working income was $3,037, the calculation would be;
$3,037 Individual Working Income
- $3,000 Base Amount
= $ 37 Individual Working Income Over the Base Amount
x 27%
= $ 9.99 Canada Workers' Benefit
If the income amount above doesn't appear to be correct, there may be a separate issue. Please let us know and we will be happy to look further into this for you.
Information on calculation of CWB in BC, as per Canada Revenue Agency (CRA).
Thank you for choosing TurboTax.
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Troubleshooting
Yes, that's correct. Unfortunately. I thought CWLB, CERB CRB is counted as income. But they are not.