Carbon Tax Rebate 2024 Payment Cheque Date – When is it Coming?

This article covers all the details regarding the Carbon Tax Rebate 2024, including cheque dates and payment dates, and informs you when the rebate is coming. Stay tuned and keep scrolling down the webpage to find out how much rebate you will receive if you pay the carbon tax in Canada.

Carbon Tax Rebate 2024

The Carbon Tax, or Fuel Charge, in Canada is applied as a regulatory fee or tax on the carbon content of fuels at the provincial, territorial, or federal level. As of 2023, the minimum tax is set at CA$65 per tonn of CO2 equivalent, and it is set to rise to CA$170 by 2030. To alleviate the burden of this tax on residents of New Brunswick, Ontario, Alberta, Saskatchewan, and Manitoba, the Canada Revenue Agency will soon issue the Carbon Tax Rebate 2024.

If you are a resident of one of these provinces, you are eligible to receive the Carbon Tax Rebate, which is distributed in four equal installments. This tax-free rebate is provided to qualified taxpayers to offset the cost of federal pollution pricing. The rebate includes a basic amount and an additional amount for residents of small and rural communities.

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Carbon Tax Rebate Cheque Dates 2024

The Canadian government has revised the method of issuing the carbon tax rebate, known officially as the Climate Action Incentive Payment. Previously claimed annually on personal income tax returns by eligible taxpayers, it is now distributed as quarterly tax-free payments starting from July 2022.

Residents of Newfoundland and Labrador, Prince Edward Island, and Nova Scotia can now receive their federal fuel charge rebate in three equal instalments in the first year and four quarterly payments in subsequent years, beginning July 1, 2023.

Carbon Tax Rebate Payments 2024: How Much to Expect?

The rebate amount will vary based on family circumstances and your geographical location. The Carbon Tax Rebate 2024 payment will be universal, meaning it will not be reduced based on adjusted family income. Below is the table showing the calculation of the CAIF for the base year 2022.

Province	Individual	Couple	Per child under 19	First 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

Note: The October payment for residents of New Brunswick includes a double payment covering July to September 2023 and October to December 2023.

Residents of small and rural areas will need to respond to the 2022 rural supplement question on their 2023 income tax and benefit return, after which a retroactive payment will be issued for the 2022 base year.

Additionally, rural residents in provinces other than Nova Scotia, Newfoundland, and Labrador will receive a 10% rural supplement, not indicated above.

Carbon Tax Rebate Payment Date – When is it Coming?

Eligible residents of the mentioned provinces will receive their Carbon Tax Rebate 2024 in April, July, October, and January, on the 15th of each month. If the 15th falls on a Saturday, Sunday, or a federal holiday, payments will be issued on the last business day.

For example, this year, October 15th falls on a Sunday, so you can expect to receive your CAIP on the following Monday. If you have opted for direct deposit, your rebate will be deposited directly into your account. However, if you owe tax debt to the Canada Revenue Agency, this amount will be used to offset any outstanding income tax balances.

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All eligible recipients are advised to wait at least ten days after the CAIP payment date if they do not receive their payment. For inquiries, you can contact authorities at 1-888-863-8662 for benefit debt or 1-888-863-8657 for tax return debt.

Eligibility For The Carbon Tax Rebate 2024

• To receive the payment, you need to be living in Canada for tax purposes on the first day of the month when the payment is issued.
• You must live in a province that charges the federal fuel tax. This doesn’t apply to provinces with their own carbon pricing, like Quebec and British Columbia.
• You need to be at least 19 years old at the start of the payment month. If you’re under 19 but have a spouse or common-law partner, or if you’re a parent living with a child, you may still qualify.
• You should have filed your income tax return for the last year.

Eligible Child:

• Your child must be under 19 years old.
• Your child must live with you.
• You should be the main person taking care of them.
• Your child should be registered for the Canada Child Benefit (CCB) or GST/HST credit, or already registered for the Child Care Benefit (CCB).

Income Thresholds:

• The rebate amount depends on your province and your total income from the previous year.
• For individuals: You can get the full rebate if your income is below a certain amount (about $49,143 for 2023). The rebate decreases as your income goes up.
• For families: Families can receive the full rebate if their income is below a higher threshold, taking into account additional family members.

Carbon Rebate Schedule 2024

Payment Schedule	Payment Date	Notes
First Payment	April 15, 2024	If April 15 is on a weekend or holiday, you’ll get it the business day before. To get this payment on time, make sure to file your tax return online by March 15, 2024. If you file after this date, your first payment will come with a later one after your return is processed.
Second Payment	July 15, 2024	Same rules apply for weekends and holidays.
Third Payment	October 15, 2024	Same rules apply for weekends and holidays.
Fourth Payment	January 15, 2025	Same rules apply for weekends and holidays.

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When to Expect Your Carbon Tax Rebate Payment?

• If you qualify for the Carbon Tax Rebate 2024, you’ll receive your payment on April 15th, July 15th, October 15th, and January 15th. If these dates fall on a weekend or holiday, you’ll get the payment on the last business day before.
• For direct deposit users, the rebate will go straight into your bank account. If you have any outstanding taxes, the rebate will be applied to that balance.
• If you haven’t received your payment within ten days, contact the following numbers for assistance:

For benefit debt: 1-888-863-8662

For tax return debt: 1-888-863-8657

Conclusion

In conclusion, the Carbon Tax Rebate 2024 payment cheque is a vital initiative aimed at easing the financial burden of carbon taxes on households. While the exact date may vary, staying informed through official channels will ensure you receive your rebate promptly. Be sure to keep an eye on updates from local authorities to know when the payment is scheduled. This rebate represents a crucial step towards supporting families in adapting to carbon tax measures.

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