Working Income Tax Benefit Advance Payment

If you are eligible for the working income tax benefit you can fill out an application to have this benefit paid to you quarterly in advance.

These payments are made in equal installments in April, July, October and January.

If you expect your 2016 income to be similar to your 2015 income and want to take advantage of these advance payments fill out and submit an application before August 31, 2016.

Please see the Canada Revenue Agency website for more information http://www.cra-arc.gc.ca/bnfts/wtb/menu-eng.html

Certified Professional Bookkeepers can alert you at the first sign of problems and give you the information you need in key areas of your business on an ongoing basis. Professional bookkeepers can, and do, supply their customers with data that will help their businesses succeed.

Every business is different and every person’s situation is unique. This article is for information purposes only.  Please consult with a Certified Professional Bookkeeper before taking any action based on information in this article. 

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