Why does the CWB (RC210) show as a Federal Tax?

[TurboTaxGinette]

Amounts on line 41500 are for CWB advance payments you received in the current tax year, from box 10 of your RC210 slip.

The Canada Workers Benefit (CWB) is a refundable tax credit to help individuals and families who are working and earning a low income.

The CWB has two parts: a basic amount and a disability supplement.

You can claim the CWB when you file your income tax return.

Starting in July 2023 and based on the 2022 taxation year, the CWB will provide advance payments equal to 50% of the CWB across 3 payments under the Advanced Canada workers benefit (ACWB). This initiative puts more money in the workers' pockets to help cope with the rising cost of living.

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[Bert22]

I do not understand why they give you Approx 2600.00 as a benefit and then take back approx 1200.00 and call it tax. Is there an explanation for this??

[TurboTaxGinette]

To receive clarification of how the Canada Workers Benefit (CWB) is calculated please contact the Canada Revenue Agency (CRA) at 1-800-959-8281.

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[WuXueJun]

I got the same problem.

[TurboTaxBrenda]

The Canada Workers Benefit (CWB) is also a federal refundable tax credit, You get half as an advance payment. 

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[keket17]

You still fail to explain why I must  pay back an amount due to this "workers benefit" You say it is a "federal refundable tax credit" as if us folks who clearly don't have the tax expertise that you professionals do would understand. Could you please break it down further ? if it is a tax credit, why do I owe that money? 

[TurboTaxGinette]

Which box are the amounts included in your RC210? Depending on which line the amount is declared, it may be included for the Canada Revenue Agency (CRA) just to calculate the future payments that you will receive.

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[sailoon]

Oh my gosh!  I totally agree with you!  

Plus they didn't send out our RC210's until after April 30?  So most of us missed them.

anyway, I am trying to clean up the mess that this refundable tax credit that is actually a loan

that we have to pay back with our federal taxes owing?  WTHECK?  

I also DID NOT request it to be advanced to me..the government went ahead and did it

anyway for anyone who claimed it in 2022.

So PLEASE would someone explain it to us....WHY is a REFUNDABLE credit in 2023...suddenly 

be requested back on our final taxes.  Why is it added to our total Fed tax owing?

That makes no sense! How is a credit a payable?

[TurboTaxBrenda]

To receive clarification on how the Canada Workers Benefit (CWB) is calculated please contact the CRA at 1-800-959-8281.

 Income from the WCB will be reported in Box 10 of the T5007 slip. report the amount on line 14400 of your Income Tax and Benefit Return to calculate your eligibility for any other federal or provincial benefits. Since this income is not taxable, you will deduct it on line 25000. 

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