Amount of the Work Premium Tax Credits
For 2024, the maximum work premium depending on your situation is shown below.
Family situation | Maximum annual work premium |
---|---|
Person living alone | $1,152.34 |
Couple without children | $1,797.07 |
Single parent | $2,980.20 |
Couple with at least one child | $3,873.00 |
The amount of the premium decreases as your income approaches the applicable threshold.
Advance payments
Advance payments of the work premium are equal to:
- 50% of the premium you expect to receive for the year if you have a dependent child
- 75% of the premium if you do not have a dependent child
Family situation | Maximum annual work premium |
---|---|
Person living alone | $1,185.52 |
Couple without children | $1,848.34 |
Single parent | $3,066.00 |
Couple with at least one child | $3,983.50 |
For 2024, the maximum adapted work premium depending on your situation is shown below.
Family situation | Maximum annual adapted work premium |
---|---|
Person living alone | $2,200.21 |
Couple without children | $3,414.96 |
Single parent | $4,044.50 |
Couple with at least one child | $5,022.00 |
The amount of the premium decreases as your income approaches the applicable threshold.
Advance payments
Advance payments of the adapted work premium are equal to:
- 50% of the premium you expect to receive for the year if you have a dependent child
- 75% of the premium if you do not have a dependent child
Family situation | Maximum annual adapted work premium |
---|---|
Person living alone | $2,257.33 |
Couple without children | $3,501.46 |
Single parent | $4,149.50 |
Couple with at least one child | $5,149.20 |
The supplement to the work premium is a monthly amount of $200 that may be granted to you for a maximum of 12 consecutive months.
For a continuous work period of at least 12 months, the supplement could therefore be:
- $2,400 for a person living alone
- $4,800 for a couple if both spouses entered the labour market
Advance payments
Advance payments of the supplement to the work premium are also $200 per month.