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Seniors and students
CWB is a refundable credit. If the credit is above your net federal tax payable (federal tax less your non-refundable tax credits), you can keep the difference as part of your refund. if you received a CWB payment that was larger than what you’re entitled to, it will be assessed and you’ll need to pay the difference back to the CRA.
April 30, 2024
3:12 PM