Rebates rise as carbon price increases to $80 per tonne
The federal carbon tax and its associated rebates rise today as the national price on carbon emissions increases from $65 per tonne to $80.
While the national carbon price applies across the country, not everyone pays the federal carbon tax and receives money back.
Carbon pricing works differently in Quebec, the three territories and British Columbia — residents don't receive federal rebates. The remaining provinces are subject to the federal government's carbon tax or fuel levy, and families or residents receive rebates from Ottawa.
Canada also has a mix of federal, provincial and territorial carbon pricing systems for industrial emitters.
Starting today, the federal carbon tax increase will cost drivers an extra 3.3 cents per litre at the pump. Since Ottawa's fuel levy was introduced in 2019, the carbon tax has added 17.6 cents to the cost of a litre of gasoline. The levies for other fuels can be found online.
The rebates — recently rebranded as the Canadian Carbon Rebate — also have increased along with the carbon price, says Finance Canada. To receive the rebate, you need to file an income tax return. The rebate arrives through direct deposit in your bank account or through a cheque in the mail.
The payments come every three months; the next one is scheduled to arrive as early as April 15.
Here are the amounts a single adult person can expect to receive quarterly:
- $225 in Alberta.
- $150 in Manitoba.
- $140 in Ontario.
- $188 in Saskatchewan.
- $95 in New Brunswick.
- $103 in Nova Scotia.
- $110 in Prince Edward Island.
- $149 in Newfoundland and Labrador.
Here are the amounts a family of four can expect to receive quarterly:
- $450 in Alberta.
- $300 in Manitoba.
- $280 in Ontario.
- $376 in Saskatchewan.
- $190 in New Brunswick.
- $206 in Nova