Tax Tips for Canadian Workers in 2021 | Feb 23, 2021
2021 Tax Information
The Canada Workers Benefit:
This benefit, introduced by the previous Conservative government in 2007, is a refundable tax credit that supplements the earnings of low-income workers to ensure they aren’t penalized for getting a job. The Liberal government has since renamed and expanded the benefit.
The Working Income Tax Benefit:
For those low-income working Canadians with a disability who face even larger barriers to workforce participation, the Working Income Tax Benefit (WITB) provides an additional supplement.
The Canada Employment Amount:
The Canada Employment Amount provides most employees of the public and private sector (excluding the self-employed) with help to offset the cost of work-related expenses such as home computers, uniforms and supplies. If you qualify for this amount, you can claim up to $1,245 on your 2020 tax return.