Advance Payments of the Work Premium Tax Credits
If you meet the eligibility requirements for the work premium tax credits, you can apply for advance payments instead of waiting until you file your income tax return to apply for the credits.
To receive advance payments of the work premium or adapted work premium, the amount that you expect to receive for the year following your application, must be greater than:
- $500, if you have a dependent child; or
- $300, if you do not have a designated child.
Advance payments are made on a monthly basis. You will receive your payment no later than the 15th of the month.
The number of advance payments you receive in the year depends on the date we receive your application.
To receive 12 payments, you must apply by December 1 of the year preceding the year covered by your application. If we receive your application after that date, the amount you are entitled to will be divided over the number of months remaining in the year after your application is processed.
- We may reject your application for advance payments if, when we receive your application, you have yet to file your income tax return for a previous year for which you or your spouse received advance payments.
- We may stop or suspend you advance payments if you have not filed your income tax return for a previous year for which you received advance payments.
Click Amount of the Work Premium Tax Credits to find out how much you could receive.