Carbon Tax Rebate July 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 tonne 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 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.

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

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 for 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.

How Do I Know If I Am Eligible for Carbon Tax Rebate?

Determining eligibility for the CAIF incentive is straightforward. To qualify, you must be a Canadian resident for income tax purposes at the beginning of the month when the CRA issues the payment. You need to have turned 19 in the months preceding the CRA’s four instalment payments. However, if you are under 19, you must meet one of the following criteria:

  • You have been married or previously married.
  • You are currently or were previously a parent living with your child.

For more information on the Carbon Tax Rebate, please refer to our other articles.

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