The Carbon Tax Rebate (also known as the Climate Action Incentive Payment, or CAIP) provides financial relief to Canadian residents affected by the carbon tax.
With payments set to continue in 2024, this article covers all the essential details, including cheque dates, payment schedules, and how to ensure you’re eligible.
What Is the Carbon Tax Rebate?
The Carbon Tax (or Fuel Charge) is a fee implemented on carbon emissions in Canada to reduce pollution. The tax is set to rise to CA$65 per tonne of CO2 in 2023 and is projected to increase to CA$170 by 2030.
To ease the financial burden on citizens, the Canada Revenue Agency (CRA) provides rebates to residents in provinces where the federal carbon tax is applied, such as New Brunswick, Ontario, Alberta, Saskatchewan, and Manitoba.
The rebate is distributed quarterly and helps offset the costs of pollution pricing. Citizens residing in small and rural communities may also receive an additional amount.
Carbon Tax Rebate Cheque Dates 2024
Previously claimed on personal income tax returns, the rebate is now issued as tax-free quarterly payments. The payment schedule applies to the following provinces: New Brunswick, Ontario, Alberta, Saskatchewan, Manitoba, as well as residents of Newfoundland and Labrador, Prince Edward Island, and Nova Scotia.
Here are the 2024 quarterly payment dates:
- January 15
- April 15
- July 15
- October 15
Note: If the 15th falls on a weekend or federal holiday, payments will be made on the next business day. For example, since October 15, 2024, is a Sunday, residents will receive their payments on Monday, October 16, 2024.
Carbon Tax Rebate Payments: How Much Can You Expect?
The amount you receive from the Carbon Tax Rebate depends on your family status, province of residence, and rural/urban living situation. Below is a breakdown of rebate amounts for the 2022 base year:
| Province | Individual | Couple | Per Child Under 19 | First Child (Single Parent) |
|---|---|---|---|---|
| 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 |
Rural Supplement: Individuals living in small or rural communities may receive an additional 10% supplement to these amounts.
How to Receive the Carbon Tax Rebate
The Canada Revenue Agency automatically calculates and issues payments based on your 2023 income tax return. You don’t need to apply separately unless your personal details (such as residency or marital status) have changed.
What to Do If You Don’t Receive Your Payment
If you are eligible but haven’t received your payment by the expected date, wait at least 10 days before contacting the CRA. For assistance, you can reach out to:
- 1-888-863-8662 for benefit-related debts
- 1-888-863-8657 for tax-related debts
If you have selected direct deposit, the rebate will be credited directly to your bank account. For those receiving physical cheques, delays can occur depending on the postal service.
Eligibility for the Carbon Tax Rebate
To qualify for the Carbon Tax Rebate, you must:
- Be a resident of Canada for income tax purposes.
- Be 19 years of age or older at the time the CRA makes the payment.
- If you are under 19, you must be:
- Married or previously married, or
- A parent living with your child.
You will also need to file an income tax return to be eligible for payments.
The Carbon Tax Rebate 2024 will be issued quarterly, offering financial relief to residents in specific provinces.
Payments are made in January, April, July, and October on the 15th of each month, with an additional 10% supplement for those living in rural areas. Make sure your tax return and details are up to date to ensure you receive your payment on time.
FAQs
When will I receive my Carbon Tax Rebate in 2024?
The quarterly payments will be made on January 15, April 15, July 15, and October 15.
How much will I receive from the Carbon Tax Rebate?
The rebate amount depends on your province of residence and family status, with amounts ranging from $92 to $772 for individuals.
What happens if I don’t receive my Carbon Tax Rebate on time?
Wait at least 10 days after the payment date before contacting the CRA at 1-888-863-8662.
Who is eligible for the Carbon Tax Rebate?
Residents of provinces subject to the federal carbon tax who are at least 19 years old or meet special conditions if under 19.
Do rural residents get more from the Carbon Tax Rebate?
Yes, those living in rural or small communities may receive an additional 10% supplement.
