ACWB Payment Dates 2024 – Payout Amount, Eligibility & Status 

By Niks

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ACWB Payment Dates

The Advanced Canada Workers Benefit is a helpful program for low- and moderate-income earners in Canada. It provides financial support in advance of filing your tax return. The benefit is paid out in three instalments with the upcoming on July 12, 2024.

ACWB Payment Dates 2024

The ACWB is a valuable program for low- and moderate-income earners in Canada. It provides financial support before you file your tax return, paid out in three installments throughout the year. This helps improve cash flow and manage expenses.

The ACWB payment dates for 2024 are:

  • First installment: Issued on Friday, January 12, 2024
  • Second installment: Issued on Friday, July 12, 2024 
  • Third instalment: Issued on Thursday, October 11, 2024

Who Qualifies for the ACWB Payments?

The CRA determines eligibility for the ACWB based on a few key factors from the previous tax year. The ones who qualify for the ACWB in 2024 are:

  • You must have filed a complete income tax return for the previous tax year (2023 in this case).
  • You need to have been a resident of Canada for at least 19 weeks in the previous year (2023).

Income Thresholds:

Your net income from the previous tax year must fall below a specific threshold based on your marital status. 

  • Single: If you are single with no dependents, your net income in 2023 must be below $33,015 (except for residents of Alberta, Quebec, and Nunavut – see below).
  • Married or Common-Law Partner: For married or common-law partners filing jointly, the combined net income in 2023 must be below the following ranges depending on the presence of children:
    • No Children: Combined net income below $33,015 (except for residents of Alberta, Quebec, and Nunavut – see below).
    • With Children: Combined net income must fall between $26,805 and $43,212.
  • Special Cases: Residents of Alberta, Quebec, and Nunavut have slightly different income thresholds due to provincial variations. Here’s a breakdown:
    • Alberta: Single with no dependents – below $33,093.
    • Quebec: Single with no dependents – below $29,072.64.
    • Nunavut: Single with no dependents – below $58,925.
  • There is no minimum age requirement to qualify for the ACWB, but you must be 19 years old or older on December 31st of the previous year OR live with a spouse or common-law partner or your child.

ACWB Payment Amount 2024

The amount you receive through the ACWB program is not a fixed amount. It depends on several factors specific to your situation, including:

  • Net Income: The lower your net income from the previous tax year, the higher the ACWB benefit amount you’ll receive.
  • Marital Status: Single individuals and couples with or without children have different income thresholds and corresponding benefit amounts.
  • Dependents: The number of eligible dependents you claim on your tax return can affect your ACWB payment amount.

Maximum Benefit Amounts (2024):

  • Single: Up to $1,428 per year.
  • Married or Common-Law Partner (No Children): Up to $1,428 per year (may vary slightly depending on combined income).
  • Married or Common-Law Partner (With Children): Up to $2,461 per year.
  • The estimated amount you receive through the ACWB calculator is not a guarantee. Your final payment may differ slightly when the CRA processes your tax return.

How to check the ACWB Payment Status 2024?

The step-by-step to check the status of your ACWB Payment for 2024 online through the Canada Revenue Agency (CRA) website:

  • Visit the official CRA My Account website at https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
  • You’ll need to log in using your CRA user ID and password. If you haven’t already registered for a My Account, you’ll need to do so first.
  • Once logged in, navigate to the section dedicated to benefits and credits. This will be labelled differently depending on the specific layout you see. 
  • Within the benefits section, search for information specifically related to the “Advanced Canada Workers Benefit” (ACWB). 
  • Once you locate the ACWB section, you should be able to see details about your payments, including:
    • Payment amounts for each instalment (past and upcoming)
    • Payment dates (scheduled and actual, if applicable)
    • Payment status (issued, pending, etc.)
  • You can check your My Account a few days before the expected payment date (July 12, 2024 for the second instalment) to see if the payment has been issued.

What to do if I didn’t receive my ACWB payment on time?

Here is what you can do if you haven’t received your ACWB payment for 2024 on the expected date (July 12th, 2024 for the second instalment):

Check for Delays:

  • Allow a few business days for potential processing delays with the CRA. Sometimes, deposits might take slightly longer than the scheduled date to reflect in your account.

Contact the CRA:

  • If you’ve checked online and the payment status remains unclear, or if it’s been a significant time beyond the expected deposit date, contact the CRA directly for further assistance. Here are your options:
    • Phone: Call the CRA at 1-800-959-8281. Explain your situation and inquire about the status of your ACWB payment.
    • Online Form: The CRA website might offer an online form for inquiries related to benefit payments. Explore the “Benefits and credits” section for such options.

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