This article provides the different basic working income tax benefit (WITB) amounts allowed at different income levels for individuals without an eligible spouse or an eligible dependant for 2014.
These amounts are also applicable to those who were married or living in a common-law relationship but did not have an eligible spouse or an eligible dependant.
Working income: $3,000 or less
Basic WITB is 0.
Working income: more than $3,000 but less than $6,992
If adjusted family net income is $11,332 or less, basic WITB is: (working income – $3,000) x 25%.
If adjusted family net income is more than $11,332 but less than $17,986, basic WITB is: (working income – $3,000) x 25% – (adjusted family net income – $11,332) x 15%. If the result is negative, that means basic WITB is 0.
If adjusted family net income is more than $17,986, basic WITB is 0.
Working income: $6,992 or more
If adjusted family net income is $11,332 or less, basic WITB is: $998
If adjusted family net income is more than $11,332 but less than $17,986, basic WITB is: $998 – (adjusted family net income – $11,231) x 15%. If the result is negative, that means basic WITB is 0.
If your adjusted family net income is more than $17,986, basic WITB is 0.