what is acwb notice from cra

The ACWB notice from CRA refers to the Advanced Canada workers benefit, which is a refundable tax credit to help individuals and families who are working and earning a low income. The ACWB is part of the Canada workers benefit (CWB), which is a refundable tax credit to help individuals and families who are working and earning a low income. The ACWB payments are sent automatically, and you dont need to apply to receive them. The CRA determines your eligibility when you file your income tax and benefit return, and if youre entitled to a CWB amount, the CRA will automatically send you payments. Starting in July 2023, ACWB recipients will receive half of their 2022 CWB allotment in quarterly instalments in July, October, and January, and the remaining amount will be reconciled once they file their 2023 tax return next spring.