Ministers Valdez and Khera Highlight Federal Government’s Tax Break for Mississauga Residents and Working Canadians Rebate
Mississauga, November 24, 2024 – Today, Member of Parliament for Mississauga-Streetsville, Rechie Valdez, and Minister of National Revenue, Dr. Sonia Khera, announced a new tax break for residents of Mississauga and a rebate for eligible workers across Canada.
The Mississauga Tax Break will provide a tax credit of up to $500 for residents of Mississauga who file their taxes. The credit will be available for the 2023 and 2024 tax years.
The Working Canadians Rebate will provide a one-time payment of up to $500 to eligible workers who earn less than $50,000 annually. The rebate will be issued in early 2025.
“Our government is committed to making life more affordable for Canadians,” said MP Valdez. “The Mississauga Tax Break and Working Canadians Rebate are two important measures that will help put money back into the pockets of hardworking families.”
“The Working Canadians Rebate will provide much-needed support to low-income workers who are struggling to make ends meet,” added Minister Khera. “This rebate will help them cover the costs of essential goods and services.”
Eligibility for the Mississauga Tax Break:
- Residents of Mississauga who have filed their taxes for the 2023 and 2024 tax years
- No income threshold
Eligibility for the Working Canadians Rebate:
- Have net income of less than $50,000 in 2023
- Filed a 2023 tax return
Applications for the Working Canadians Rebate will open in early 2025. Eligible individuals can apply through the Canada Revenue Agency (CRA) website or by calling the CRA at 1-800-959-8281.
For more information on the Mississauga Tax Break and the Working Canadians Rebate, please visit the CRA website at www.canada.ca/taxes.
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