Carbon Tax Rebate 2023 – 2024 Cheques Dates, Payment Date – When is it Coming?

Updated on June 14, 2024

This article covers all the ins and outs of the Carbon Tax Rebate for 2023-2024, including cheque dates and payment schedules. Find out when it’s arriving by staying tuned and scrolling through the page. Discover the rebate amount you could receive when paying the Carbon tax in Canada.

2023-2024 Carbon Tax Rebate

In Canada, the Carbon Tax, or Fuel Charge, serves as either a regulatory fee or tax on the carbon content of fuels at different government levels. As of 2023, the minimum tax stands at CA$65 per tonne of CO2 equivalent, slated to increase to CA$170 by 2030. To alleviate the tax burden on citizens in New Brunswick, Ontario, Alberta, Saskatchewan, and Manitoba, the Canadian Revenue Agency is set to roll out the Carbon Tax Rebate for 2023-2024.

Residents in these provinces are eligible to receive the rebate, distributed in four equal instalments. This tax-free amount aims to help qualified taxpayers offset the expenses related to federal pollution pricing. There is a base rebate as well as a bonus amount for people living in small and rural communities.

2023-2024 Carbon Tax Rebate Check Schedule

The Canadian government has revamped the process for distributing the carbon tax rebate, officially known as the Climate Action Incentive Payment. Previously claimed annually on personal income tax returns, the rebate has now transitioned to quarterly tax-free payments starting from July 2022.

If you reside in Newfoundland and Labrador, Prince Edward Island, or Nova Scotia, you can now avail your federal fuel charge rebate in three equal instalments during the first year and four quarterly payments in subsequent years, starting from July 1, 2023.

2023-2024 Carbon Tax Rebate: Anticipated Payments

The rebate amount is influenced by family circumstances and your location. Despite the Carbon Tax Rebate being universal, it won’t undergo a benefit deduction based on adjusted family income. The table below illustrates the calculation of the CAIF for the base year 2022.

 

ProvinceIndividualCouple  per child under 19first child in a single-parent family
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

Please take note that the October payment for New Brunswick residents covers both July to September 2023 and October to December 2023.

The 2022 rural supplement question must be answered by people living in small and rural areas on their 2023 income tax and benefit return. Following this, a retroactive payment will be issued for the 2022 base year.

Additionally, the 10% rural extra, not indicated above for Nova Scotia, Newfoundland, and Labrador, will also be provided to rural residents in other provinces.

Carbon Tax Rebate Payment Date 2023 – When to Expect?

Citizens eligible for the Carbon Tax Rebate 2023-2024 in the mentioned provinces will receive payments on the 15th of April, July, October, and January. However, it’s essential to note that if the 15th falls on a Saturday, Sunday, or a federal holiday, the payment will be processed on the last business day.

For this year, since October 15th is a Sunday, those entitled to the rebate can expect their CAIP on Monday. If you’ve chosen direct deposit, your rebate will be received accordingly. It’s worth mentioning that if you have a tax debt with the Canada Revenue Agency, the rebate amount will be adjusted to any outstanding income tax balances.

If you haven’t received your CAIP payment, please wait for at least ten days from the disbursement date. To reach out to the authorities, you can contact them at 1-888-863-8662 for benefit debt or 1-888-863-8657 for tax return debt.

Am I Eligible for Carbon Tax Rebate?

Determining eligibility for the CAIF incentive is straightforward. If you are a resident of Canada for income tax purposes at the beginning of the month when the CRA issues the payment, you qualify for the rebate. You must also be at least 19 years old in the months preceding the four installment payments. However, if you are under 19, you need to meet one of the following conditions:

  1. You have been married or were previously married.
  2. You are currently or were previously a parent and live with your child.

For additional information on the Carbon Tax Rebate, feel free to explore our other articles.

 

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