A program called the Canada Carbon Rebate was created to help Canadian households defray the costs of carbon pricing. The number of adults and children living in a household, as well as the income level, are some of the variables that can affect the rebate amounts.
For the 2024-25 period, the rebate amounts typically include a base amount for the first and second adult in a household, along with additional amounts for each childThe goal of these rebates is to promote ecologically friendly decisions while assisting Canadian families in managing the financial effects of carbon pricing.
For a family of four, the rebate would typically consist of the base amount for the first and second adults, plus the additional rebate for each child.Depending on economic conditions and governmental policies, the precise amounts may change from year to year.
Overall, the Canada Carbon Rebate aims to strike a balance between environmental sustainability and economic fairness, ensuring that Canadian households are able to afford the transition to a low-carbon future.
Canada Carbon Rebate Amounts 2024-25
The Carbon Tax is a federal policy that imposes a price on carbon dioxide emissions with the aim of reducing greenhouse gas emissions that contribute to climate change. Through the quarterly Canada Carbon Rebate, the government of Canada is dedicated to giving Canadian households a portion of the windfall from carbon pricing.
Eight out of ten families actually receive more money back from the carbon tax rebates than they pay, making them the other half of the carbon pollution pricing scheme. Annually determined by factors such as your family’s circumstances, the amount the government receives from the carbon tax, and more, the Canada Carbon Rebate Amounts are subject to change.
What is Canada Carbon Rebate?
The main goal of the Federal Canada Carbon Rebate, also known as the Fed Climate Incentive Payment 2024, is to give back to Canadian families and individuals the money collected from the federal carbon pricing scheme. This rebate payment helps offset the increased prices customers face due to the federal carbon pricing, making it easier for them to manage their expenses.
This scheme encourages both companies and customers to opt for greener and more sustainable products by raising the cost of carbon-intensive goods. It ensures that the public funds generated through carbon pricing are fairly distributed, with a special emphasis on supporting lower-income individuals who might feel the pinch of higher prices more acutely.
Canada Carbon Rebate Amount Details
In 2024-2025, a family of four in provinces where the federal fuel levy applies can receive up to $1,800 through the basic Canada Carbon Rebate. The first installment of this rebate will be disbursed in April 2024, followed by payments in July, October, and January 2025.
For residents of small rural communities, there’s an additional 10% rural supplement, which will increase to 20% starting April 20, 2024. Carbon Tax Rebate payments are typically issued annually on April, July, October, and January 15th. If the 15th falls on a weekend or a federal holiday, the payment will be made on the last working day before the 15th.
First & Second Adult, Each Child and Family of 4
In 2024-2025, a family of four in provinces where the federal fuel levy applies can receive up to $1,800 through the basic Canada Carbon Rebate. The first installment of this rebate will be disbursed in April 2024, followed by payments in July, October, and January 2025.
For residents of small rural communities, there’s an additional 10% rural supplement, which will increase to 20% starting April 20, 2024. Carbon Tax Rebate payments are typically issued annually on April, July, October, and January 15th. If the 15th falls on a weekend or a federal holiday, the payment will be made on the last working day before the 15th.
Here’s a breakdown of the rebate amounts for each province:
- Alberta:
- First adult: $193
- Second adult: $96.50
- Each child: $48.25
- Family of 4: $386
- Manitoba:
- First adult: $132
- Second adult: $66
- Each child: $33
- Family of 4: $264
- Ontario:
- First adult: $122
- Second adult: $61
- Each child: $30.50
- Family of 4: $244
- Saskatchewan:
- First adult: $170
- Second adult: $85
- Each child: $42.50
- Family of 4: $340
- Nova Scotia:
- First adult: $124
- Second adult: $62
- Each child: $31
- Family of 4: $248
- Newfoundland and Labrador:
- First adult: $164
- Second adult: $82
- Each child: $41
- Family of 4: $328
- Prince Edward Island:
- First adult: $120
- Second adult: $60
- Each child: $30
- Family of 4: $240
- New Brunswick:
- First adult: $92
- Second adult: $46
- Each child: $23
- Family of 4: $184
- British Columbia:
- First adult: $447
- Second adult: $223.5
- Each child: $111.50
- Family of 4: (amount not provided)
Since they are not included in the federal program, Yukon, Nunavut, Quebec, and the Northwest Territories have implemented their own policies to reduce carbon emissions and lessen the burden on their citizens. Yukon, for example, has pledged to return all carbon fees it receives back to its population.
How to Get Canada Carbon Rebate?
To collect their Canada Carbon Rebate, Canadians need to file their annual tax return. Rural residents must check the applicable box on their tax return to receive the rural top-up. If a person has registered for direct deposit with the Canada Revenue Agency, the rebate is directly deposited into their bank account; if not, a check is mailed.
The first person to file their tax return, whether single, married, or in a common-law partnership, receives the full rebate amount for all household members, including children.
The federal government encourages banks to label the direct payments Canadians receive every three months as Canada Carbon Rebate.
We’re glad you’ve stayed with us to learn about the Canada Carbon Rebate Amounts for 2024-25.