*The Commerce Journal>>>Canada Taxes

I keep hearing of this 'working income tax benefit'?

Does it come in with your gst check? How does it work? When I got my taxes done, the lady that did them showed me something that said $2000... and I also saw that the payment dates are the same as the gst... has anyone received this?

The working income tax benefit is a tax credit that is claimed by low income taxpayers. It is essentially a subsidy because it is fully refundable if the taxpayer cannot use it.

It is claimed at the time you file your tax return. It does not work like GST. However, there is a system of "advanced payments" (see link below).

In my opinion, the working income tax benefit makes more sense than minimum wage. In Ontario, minimum wage just increased but so have prices (because employers have higher labour costs). The WITB is basically a subsidy to help out lower income wage earnings.

The link below talks about eligibility.

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