Please read this post to get comprehensive information on the Canada Carbon Rebate Amounts for 2024-25: including the amounts for the first and second adult, each child, and a family of four.
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Canada Carbon Rebate Amounts 2024-25
The Carbon Tax is a federal policy designed to reduce greenhouse gas emissions by putting a price on carbon dioxide emissions. To offset the cost, the government of Canada provides quarterly Canada Carbon Rebates to households, returning a portion of the revenue generated from carbon pricing.
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Interestingly, eight out of ten families receive more money back from the carbon tax rebates than they pay, effectively making them net beneficiaries of the carbon pollution pricing scheme. The amount received through the Canada Carbon Rebate varies annually and depends on factors such as family circumstances and the revenue generated from the carbon tax.
For more detailed information on the Canada Carbon Rebate Amounts for 2024-25, including specifics for the first and second adult, each child, and a family of four, please continue reading this article on our page.
What is Canada Carbon Rebate?
The primary objective of the Federal Canada Carbon Rebate, also known as the Fed Climate Incentive Payment 2024, is to reimburse Canadian families and individuals with the revenue generated from the federal carbon pricing scheme. This rebate helps offset the higher costs that consumers face due to the federal carbon price.
By increasing the cost of carbon-intensive goods, this scheme encourages companies and consumers to opt for greener, more sustainable products. It ensures that the public funds raised through carbon pricing are distributed equitably, with a particular focus on supporting lower-income individuals who may be disproportionately affected by the higher prices.
Canada Carbon Rebate Amount Details
In 2024-2025, a family of four can receive up to $1,800 under the basic Canada Carbon Rebate in provinces where the federal fuel levy is applicable. These provinces will receive their first of four quarterly payments from the Canada Carbon Rebate in April 2024. The subsequent payments will be made in July, October, and January 2025.
Residents of small and rural communities are eligible for an additional 10% rural supplement, which will increase to 20% as of April 20, 2024. The Carbon Tax Rebate is typically paid annually on April 15, July 15, October 15, and January 15. If the 15th falls on a weekend or federal holiday, the payment is made on the last working day before the 15th.
First & Second Adult, Each Child and Family of 4
The specifics of each province’s agreement with the federal government, as well as the amount of revenue collected from carbon emitters, influence how each province’s program varies from the others.
| Province | First adult | Second adult | Each child | Family of 4 |
| Alberta | $193 | $96.50 | $48.25 | $386 |
| Manitoba | $132 | $66 | $33 | $264 |
| Ontario | $122 | $61 | $30.50 | $244 |
| Saskatchewan | $170 | $85 | $42.50 | $340 |
| Nova Scotia | $124 | $62 | $31 | $248 |
| Newfoundland and Labrador | $164 | $82 | $41 | $328 |
| Prince Edward Island | $120 | $60 | $30 | $240 |
| New Brunswick | $92 | $46 | $23 | $184 |
| British Columbia | $447 | $223.5 | $111.50 |
Because the federal government does not collect gas taxes in Yukon, Nunavut, Quebec, and the Northwest Territories, these regions are not included in the Canada Carbon Incentive Program (CAIP). Instead, each territory has implemented its own measures to ease the financial impact on residents. For example, Yukon has committed to returning every penny it collects from carbon fees to its population.
How to Get Canada Carbon Rebate?
To obtain the Canada Carbon Rebate, Canadians must complete their annual tax return. Rural residents should ensure they check the appropriate box on their tax return to qualify for the rural top-up. The Canada Carbon Rebate will be directly deposited into the bank accounts of those who have registered for direct deposit with the Canada Revenue Agency. If direct deposit is not set up, a cheque will be issued instead.
The rebate amount for all household members, including children, will be given to the individual who files their tax return first, whether they are married or in a common-law partnership.
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The federal government advises that banking institutions label direct payments for the Canada Carbon Rebate in a consistent manner for each quarterly deposit.
Thank you for reading our post on the Canada Carbon Rebate Amounts for 2024-25.
