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The carbon price rises today — here's what you can expect

The carbon price rises today — here's what you can expect

CBC
Friday, April 1, 2022 4:49 PM GMT

The federal carbon price rises today for everyone — but some Canadians can expect to get more money back from the program than others, and to see their rebates sooner and more frequently.

Canadians living in jurisdictions that don't have carbon pricing policies of their own receive federal benefit payments to compensate for higher prices. Starting in July, individuals and families in Alberta, Saskatchewan, Manitoba and Ontario will receive their federal tax-free Climate Action Incentive Payments (CAIP) automatically every quarter.

The payments used to be delivered annually at tax time through a refundable tax credit. In last year's budget, the federal government announced that the CAIP payments will now arrive quarterly.

It's expected payments will arrive on the 15th day of April, July, October and January. Since the very first payment won't arrive until July 15 (after 2021 tax returns are due), it will be a double payment. If you get your tax return by direct deposit, you will receive the CAIP the same way.

People who live outside Ontario and the Prairie provinces won't receive federal rebates because their jurisdictions have their own carbon pricing mechanisms.

At $50 per tonne of emissions, the year's increase to the carbon tax amounts to a spike of 2.21 cents per litre of gasoline and 2.68 cents per litre of diesel. The Canadian Taxpayers Federation estimates the federal carbon price now adds a total of 11 cents per litre for gasoline, 13 cents per litre of diesel and 10 cents per cubic metre of natural gas.

Federal Conservatives have frequently opposed carbon pricing. Lately, the party has been calling on the Liberals to suspend today's increase to help families cope with the rising cost of housing, food and fuel due to inflation.

"We really are having an affordability crisis," said MP Kyle Seeback, the Conservative critic for climate change. "I get emails and phone calls in my constituency office every single day with people saying, 'Kyle, we cannot make ends meet anymore.' Everything is too expensive."

The Liberals have dismissed those calls, saying some families might get back more money than they pay in carbon tax. Environment and Climate Change Canada estimates that in 2022-23, the CAIP will pay a family of four:

Rural households in these four provinces can expect a 10 per cent top-up.

"These payments mean some 8 out of 10 families receive more money back than they pay in direct costs under this system," said Finance Canada.

The government says it returns 90 per cent of the money it collects through carbon pricing to consumers. It says the rest supports Indigenous groups, schools, universities, municipalities, small businesses and farmers.

Despite the increase in the size and frequency of payments, some say the federal carbon price still leaves them worse off.

Farmers in particular complain the rebate doesn't account for the increased cost of fertilizer and of transporting their harvests to market. While gasoline and diesel purchased by farm operations are exempt from the carbon tax, the propane they use to dry grain and heat barns is not.

Read full story on CBC
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