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Canada Benefits Summary in 2023!


For new immigrants, the exchange rate change and global money transfer are very important, but the benefits should also be paid timely attention to. Today, Panda makes a summary of benefits in Canada this year.


With the continuous relaxation of immigration policy, new immigrants' landing show strong momentum, and the arrival of the tax season also makes all tax residents eager to try their best to maximize their welfare!


But as a new immigrant who has just landed, if you do not know about these welfare policies in Canada, you're at a big loss!


The benefits package revised newly by The Canada Revenue Agency covers all benefits currently available and relevant application conditions.


Source: Canada Revenue Agency website 


Universal welfare:


Goods and Services Tax (GST) / Harmonized Sales Tax (HST) credit


GST/HST refunds are provided four times a year by Canada Revenue Agency (CRA). If eligible, a single person can receive up to $496 per year in tax refunds. Family can receive up to $992 per year.


Application Conditions:

1. Canadian tax residents over the age of 19

2. Have a spouse or common-law partner

3. Parents living with children


Family benefits:


Canada Child Benefit (CCB)


To help raise a child under the age of 18, eligible families receive $6,275- $7,437 per year from the government.


Application Conditions:

1. Living with children under the age of 18

2. The child’s primary guardian

3. Tax residents of Canada

4. Either parent must be a Canadian citizen, or permanent resident, or temporary resident who has legally lived in Canada within the last 18 months.


Canadian Dental Benefit


The Temporary Canada Dental Benefit provides eligible families with up to $650 in for children under the age of 12 for two years (up to $1,300) to support the cost of the child's dental care services.


Benefit Time:

Phase I: October 1, 2022 to June 30, 2023

Phase II: July 1, 2023 to June 30, 2024


Application Conditions:

1. Family with children born on or after December 2, 2010

2. The child received dental care services in Canada between October 1, 2022 and June 30, 2023.

3. Be the primary guardian who has filed taxes for 2021 and has a net household income of less than $90,000


Worker Benefit:


Canada Worker Benefit (CWB)


To help low-income individuals and families who are working, the CRA provides  up to $1,428 for eligible individuals and up to $2,461 for eligible families.


1. Individuals who earn less than $23,495 will receive the full $1,428, and those who earn between $23,495 and $33,015 will receive the benefit with a gradual reduction, and those who earn more than $33,015 will not receive the benefit.


2. Families with an annual income of less than $26,805 will receive the full $2,461, with a gradual reduction in the annual income range of $26,805-$43,212, and will not receive the benefit if their annual income exceeds $43,212.


Application Conditions:

1. Be legal tax resident and have work income

2. Live in Canada throughout the year

3. At least 19 years of age, single with spouse or child


Additional disability benefits:

A single disabled person with an annual income of less than $33,018 will receive an additional $737 subsidy. The subsidy will gradually decrease between $33,018 and $37,932. If someone' annual income exceeds $37,932, he/she will not be eligible for the benefit.


A disabled person with a family income of less than $43,210 will receive the full $737, with a gradual reduction in income between $43,210 and $43,212, and will not receive the benefit if the family income exceeds $48,124.


A disabled person with a family may not receive the benefit if both spouses qualify for the disability tax credit and the family's net income exceeds $53,037.


Rental Benefits:


One-time Top-up to the Canada Housing Benefit


The CRA supports eligible low-income renters without housing affordability with one-time $500 rental support.


Application Conditions:

1. At least 15 years of age living in BC

2. Principal residence was in Canada in2022

3. A legal resident of Canada in 2022

4. Total household income of $35,000 or less, and individual annual income $20,000 or less in 2021

5. The rental house must be the main residence in 2022, and the rental must not exceed 30% of income.


The above are all the benefit of CRA in 2023, and you can find professional accountants to apply according to your personal situation and tax declaration, but the premise is that you have declared the tax in 2022.


For more professional tax knowledge, it is also recommended that you participate in the financial planning seminars conducted by professional institutions and learn about the suggestions of senior tax experts.


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