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A new Canada Carbon Rebate estimator tool can help families find out their potential rebate amount, with some payments being mailed or deposited today.By Tabitha Wells Metroland file photo
The first of four carbon rebates get sent out on April 15 and the Government of Canada has launched a new Canada Carbon Rebate estimator tool to help families find out their potential payment amounts.
No background information is needed — you just need to answer four simple questions to find out how much you could receive.
The rebate returns fuel charge proceeds to Canadians through direct deposit or cheque every three months in jurisdictions where the federal fuel charge applies, with the next quarterly payments being deposited or mailed as of April 15.
You must have electronically filed your income tax and benefit return on or before March 15, 2024 to receive an April 15 payment. If your tax return is filed after this date, generally, you can expect to get your rebate payment six to eight weeks after your tax return has been assessed.
Subsequent quarterly payments will be delivered in July, October and January 2025.
The federal government’s carbon tax increased by $15 per tonne on April 1, which, among other things, will cost drivers an extra 3.3 cents per litre at the gas pump.
The carbon-pricing program includes charges added to fuel sources that produce greenhouse gas emissions when burned for energy, including gasoline, but also propane, diesel and natural gas.
The federal program, at the centre of a firestorm with provincial premiers including Ontario Premier Doug Ford since the hike, aims to reduce greenhouse emissions through taxation while also offering rebates from generated revenues to help offset the higher cost of fuel for those who qualify.
Most Ontarians will receive at least $140 per quarter from the carbon price rebate, up from $122 last year. A family of four may receive $280 in quarterly payments. If you have a spouse or common-law partner, the person whose tax return was assessed first will receive the total credit for the family. It doesn’t matter which person receives the rebate as the total amount will be the same.
Putting a price on carbon pollution is one of the simplest and most effective ways to reduce the greenhouse gas pollution that is causing climate change, the Ministry of Environment and Climate Change said in a statement issued April 15, adding the federal carbon pricing system is designed to keep life affordable by putting money back into families’ pockets.
According to the ministry, eight out of 10 households get more money back from the Canada Carbon Rebate than they spend on carbon pricing from the fuel charge, with lower-income households benefiting the most.
Rural Canadian residents will also receive a top-up of 20 per cent once relevant legislation passes through Parliament. This is an increase from the current 10 per cent top-up for rural residents, in recognition of their higher energy needs and more limited access to cleaner transportation options.
“Pricing pollution works. It keeps us on track to meet our climate goals, and the Canada Carbon Rebates help low- and middle-income Canadians the most— not those with yachts and four-car garages," said Steven Guilbeault, Minister of Environment and Climate Change, in a statement.
"Climate-related impacts are costing average Canadian households $720 per year and are likely to rise to $2,000 per year by 2050 without significant additional action to reduce emissions. We need to listen to scientists, youth, our communities and our businesses. Pollution pricing is the most effective and cost-efficient tool we have to create a better climate future for our kids and grandkids.”
According to the ministry, Canada’s emissions in 2021 would have been about 18 million tonnes higher in the absence of Canada’s carbon pricing plan.
The tax is set to rise annually by $15 until 2030.
来源链接：
https://www.toronto.com/news/new-canada-carbon-rebate-estimator-tells-you-how-much-you-can-get-back-in-payments/article_d38cedc0-79aa-523d-bc35-1ac0003d15c0.html
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