Canada Carbon Rebate is giving out money this month and payment amounts have been increased
The Canada Carbon Rebate is paying money to Canadians in eight provinces in April.
Now that payment amounts have been increased, you'll be getting more money from this federal benefit formerly known as the climate action incentive payment.
The Canada Carbon Rebate is a tax-free payment to help eligible individuals and families offset the cost of federal pollution pricing.
It offers a basic amount and rural supplement for residents of Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, P.E.I., and Newfoundland and Labrador.
You are eligible for the Canada Carbon Rebate if:
- you're a resident of Canada in the month before the payment
- you're a resident of a benefit province on the first day of the payment month
- you're 19 years old in the month before the Canada Revenue Agency makes a payment or under 19 and have a spouse, common-law partner or child
With this federal benefit, you can get more money if you have a child.
The Canada Carbon Rebate payment date is Monday, April 15, 2024.
If you filed your taxes electronically by March 15, 2024, you should get money from the Canada Carbon Rebate on time.
But if you file after that, you should expect to get your payment six to eight weeks after the CRA has assessed your tax return.
Also, if you're a resident of a rural or small community, the rural supplement needs to be claimed on page two of your income tax return.
How much money you get from the Canada Carbon Rebate depends on your family situation and where you live. It won't get reduced based on your adjusted family net income though.
Increased amounts are starting with the April payment so let's get into what Canadians will get this month.
The basic payment amount for Alberta is:
- $225 for an individual
- $112.50 for a spouse or common-law partner
- $56.25 per child under 19
- $112.50 for the first child in a single-parent family
The basic amount for Saskatchewan residents is:
- $188 for an individual
- $94 for a spouse or common-law partner
- $47 per child under 19
- $94 for the first child in a single-parent family
Manitoba's basic amount is:
- $150 for an individual
- $75 for a spouse or common-law partner
- $37.50 per child under 19
- $75 for the first child in a single-parent family
The basic Canada Carbon Rebate payment amount in Ontario is:
- $140 for an individual
- $70 for a spouse or common-law partner
- $35 per child under 19
- $70 for the first child in a single-parent family
The basic amount for New Brunswick residents is:
- $95 for an individual
- $47.50 for a spouse or common-law partner
- $23.75 per child under 19
- $47.50 for the first child in a single-parent family
The April payment for Nova Scotia is:
- $103 for an individual
- $51.50 for a spouse or common-law partner
- $25.75 per child under 19
- $51.50 for the first child in a single-parent family
The basic amount for P.E.I. is:
- $110 for an individual
- $55 for a spouse or common-law partner
- $27.50 per child under 19
- $55 for the first child in a single-parent family
Canada Carbon Rebate's basic payment for Newfoundland and Labrador is:
- $149 for an individual
- $74.50 for a spouse or common-law partner
- $37.25 per child under 19
- $74.50 for the first child in a single-parent family
If you get your tax refund by direct deposit, you will also get your Canada Carbon Rebate by direct deposit.
You should expect to see the payment in your bank account as "Canada Carbon Rebate."
However, the wording could vary based on financial institution or it could still be referred to as the climate action incentive.
If you don't have direct deposit set up with the CRA, you'll get your April payment as a cheque sent by mail.
This article's cover image was used for illustrative purposes only.
