My wife and I are self-employed and qualify for the Canadian Workers Benefit. The weird thing though is when I cause our total income to increase (by deleting things in TurboTax like business expenses) the credit increases as well. Is this a bug? Shouldn't we receive the maximum CWB credit if our income is LOWER? Not the other way around?
According to the Canada Revenue Agency (CRA), The Canada Workers Benefit (CWB) depends on your income, Your province/territory, and other factors.
The Basic Amount goes as follows:
* $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.
* $2,403 for families
The amount is gradually reduced if your adjusted family net income is more than $26,177. No basic amount is paid if your adjusted family net income is more than $42,197.
On top of this, the Canada Revenue Agency (CRA) Calculates your payment amount based off these factors:
Since the calculation is not a linear one, it could be multiple factors like marital status, or dependants ontop of the income that you are earning. The Canada Revenue Agency (CRA) offers a calculation sheet where you can fact-check the numbers: CRA - Calculation Sheets for the CWB
For more information, check out: CRA - Canada Workers Benefit
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