Carbon rebate payments rolling out to millions. Who is eligible?
Global News
The Canada Carbon Rebate returns 90 per cent of the revenue collected by Ottawa from the consumer carbon levy to households in the eight provinces where it is paid.
The second instalment of this year’s national carbon price rebate will be deposited or mailed out to millions of households on Monday.
The Canada Carbon Rebate returns 90 per cent of the revenue collected by Ottawa from the consumer carbon levy to households in the eight provinces where it is paid.
British Columbia and Quebec have their own separate but equivalent carbon pricing systems and therefore don’t receive the federal rebates.
The rebate is sent out in four instalments over the year and is based on household size and which province you live in, with a family of four receiving between $190 and $450 on Monday.
Provinces where fossil fuels account for a greater share of electricity have higher carbon rebates because those consumers pay more in carbon pricing.
Monday is also the final day for small businesses to file their tax returns to qualify for a new automatic refundable tax credit to offset some of their carbon pricing costs.
The new Canada Carbon Rebate for Small Business is Ottawa’s attempt to fix its failed promise to return seven per cent of carbon pricing revenues to smaller businesses in the form of grants to help them invest in energy efficiencies.
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