Carbon Tax Rebate 2024: When to Expect Your Cheque and Payment

This article discusses every single detail related to the Carbon Tax Rebate 2024, check dates, and payment dates, and will also let you know when it is coming. So stay tuned and keep scrolling down the web page so you can know how much rebate you will get if you pay carbon tax in Canada.

Carbon Tax Rebate 2024

Carbon tax, or fuel duty in Canada, is applied either as a regulatory fee or as a tax imposed on the carbon content of fuel at the provincial, territorial, or federal level. As of 2023, the minimum tax is set at CA$65 per tonne of CO2 equivalent, which will increase to CA$170 in 2030. The Carbon Tax Rebate 2024 to be announced by the Canadian Revenue Agency, in order to lessen some of this tax load on the citizens of New Brunswick Ontario Alberta Saskatchewan and Manitoba will soon be ready for release.

If you live in the four said provinces, then that means you qualify to receive what is called Carbon Tax Rebate which comes in four equal parts. It is an amount that certain taxpayers will be eligible to receive, tax-free, in reduction of the federal pollution pricing. This consist of a standard amount and small/rural additional residents.

Also Read: Advance Winter Allowances 2024

Carbon Tax Rebate 2024 Check Dates

The Canadian government has changed the way it makes payments for the Carbon Tax Rebate, officially called the Climate Action Incentive Payment. Previously this rebate was claimed by eligible taxpayers on the annual personal income tax return and has now been changed to quarterly tax-free payments implemented from July 2022.

Residents of Newfoundland and Labrador, Prince Edward Island and Nova Scotia can claim their federal fuel fee rebate in three equal installments starting in the first year and four quarterly payments in subsequent years, effective July 1, 2023.

Carbon Tax Rebate 2024 payments: what to expect?

The amount of the Carbon Tax Rebate will vary depending on your family situation and your region. However, the Carbon Tax Rebate payment will be universal and thus not subject to benefit reductions based on adjusted family income. Below is a table of the CAIF calculation for a 2022 base year.

Province	Person	Couple	Children under 19	First child in a single-parent family
Ontario	$488	$244	$122	$244
Alberta	$772	$386	$193	$386
Saskatchewan	$680	$340	$170	$340
Manitoba	$528	$264	$132	$264
Nova Scotia	$124	$62	$31	$62
New Brunswick	$92	$46	$23	$46
Newfoundland and Labrador	$164	$82	$41	$82
Prince Edward Island	$120	$60	$30	$60

Note: The October payment for New Brunswick residents is double the payment for July to September 2023 and October to December 2023.

Residents of small and rural areas will need to answer the 2022 rural supplement question on their 2023 income tax and benefits return, after which a back payment will be made for the 2022 base year. The 10% rural excess shown for Nova Scotia, Newfoundland and Labrador will also be given to rural residents in other provinces.

Carbon Tax Rebate Payment Date – When is it Coming?

Eligible citizens of the above provinces will receive their Carbon Tax Rebate 2024 on the 15th of each month in the months of April, July, October and January. But it should be noted that if the 15th falls on a Saturday, Sunday or federal holiday, the payment will be made on the last working day.

So, if you are eligible to receive the rebate, you should know that October 15 is a Sunday this year, and you will likely receive your CAIP on Monday. If you have selected the direct deposit payment option, you will receive your rebate via direct deposit. But if you have a tax debt with the Canada Revenue Agency, this amount will be adjusted against the amount owed for the income tax balance.

All eligible citizens are instructed to wait at least ten days after the CAIP distribution date if they have not received their payment. To contact the officials, you can call 1-888-863-8662 for benefit debts or 1-888-863-8657 for tax return debts.

How do I know if I am eligible for the Carbon Tax Rebate?

Determining eligibility to receive the CAIF incentive amount is simple. If you are a resident of Canada for income tax at the beginning of the month in which the CRA makes the payment, you are entitled to receive the rebate. You must have completed 19 years of age before the months in which the CRA makes the four installment payments. But if you are under 19, you must meet any of the conditions below.

• You are married or have a spouse.
• You are currently or have previously been a parent and live with your child.

To get additional details on the Carbon Tax Rebate, please also browse our other articles.

FAQs