On November 21, 2024, CRA also announced another measure, the Working Canadians Rebate. It appears that all eligible Canadians will receive $250.
An eligible Canadian is a Canadian who worked in 2023 and earned up to $150,000 individual net income that also meets the following requirements:
- Claimed CPP/QPP contributions tax credit on employment or self employment earnings
- Claimed the EI/QPIP contributions tax credit on employment or self employment earnings OR reported income from EI/QPIP benefits
- (Note: it’s not clear if this is waived for self-employed individuals or EI exempt T4’d individuals, because most self-employed or T4’d from their own corporation are EI exempt, as we well know. This could exclude these individuals, although we hope CRA recognizes this and does not exclude them.)
- Is a resident of Canada on March 31, 2025
- Is not / has not been incarcerated for a period of 90 days or more prior to April 1, 2025
- Is not deceased as of April 1, 2025
- Filed their 2023 T1 by December 31, 2024.
Clients who have not yet filed their 2023 T1s, should try to file prior to the end of the year.