Eligible Canadians receive Canada Carbon Rebate payments
July 16, 2024
Global Korean Post
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The Canada Carbon Rebate for Small Businesses is a new measure that will return $2.5 billion from the revenue collected from the price on carbon pollution between 2019–2020 and 2023–2024 through an automatic refundable tax credit to an estimated 600,000 small businesses that operate in provinces where the pollution pricing system applies.
Also, as of July 15th, households in provinces that use the federal pollution pricing system will receive their latest quarterly Canada Carbon Rebate payment for individuals, putting more money back into Canadians’ pockets. In jurisdictions where the federal carbon pricing system is in place, eight out of 10 households get back more money through these rebates than they pay.
All direct proceeds collected are returned to the province or territory in which they were collected. The federal carbon pricing system helps cut pollution while supporting household budgets.
A family of four in these provinces receives the following every three months:
- Alberta: $450
- Saskatchewan: $376
- Manitoba: $300
- Ontario: $280
- New Brunswick: $190
- Prince Edward Island: $220
- Nova Scotia: $206
- Newfoundland and Labrador: $298
To further recognize rural Canadians’ higher energy needs and more limited access to cleaner transportation options, the government doubled the rural supplement available for households in rural areas and smaller communities from 10 percent to 20 percent of their base Canada Carbon Rebate amount.
