This article covers every detail related to the Carbon Tax Rebate for 2023–2024, including Cheque Dates and Payment Dates. Stay tuned to find out when it is coming and discover how much rebate you will receive for paying the Carbon tax in Canada.
Carbon Tax Rebate 2023-24
The Carbon Tax, also known as the Fuel Charge in Canada, is a regulatory fee or tax imposed on the carbon content of fuels at the provincial, territorial, or federal levels. As of 2023, the minimum tax is CA$65 per tonne of CO2 equivalent, set to rise to CA$170 in 2030. The Canadian Revenue Agency aims to ease the tax burden on residents of New Brunswick, Ontario, Alberta, Saskatchewan, and Manitoba by providing the Carbon Tax Rebate for 2023–2024.
Residents of these provinces are eligible to receive the rebate, distributed in four equal instalments. The rebate is a tax-free amount given to qualified taxpayers to offset the cost of federal pollution pricing. It includes a basic amount and an additional amount for residents of small and rural communities.
Carbon Tax Rebate: Cheque Dates 2024
The Canadian government has modified the method of distributing the carbon tax rebate, officially known as the Climate Action Incentive Payment. Previously, eligible taxpayers claimed the rebate annually on their personal income tax returns. However, it is now provided as quarterly tax-free payments, starting from July 2022.
Residents of Newfoundland and Labrador, Prince Edward Island, and Nova Scotia can claim their federal fuel charge rebate in three equal instalments for the first year and receive four quarterly payments in subsequent years, effective from July 1, 2023.
How Much Can We Expect from Carbon Tax Rebate Payments in 2024?
The rebate amount for the Carbon Tax Rebate will vary based on the family’s circumstances and the region of residence. The payment for the rebate is universal and is not subject to benefit deduction based on adjusted family income. Below is the table outlining the calculation of the Climate Action Incentive Fund (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 |
Residents of small and rural areas will need to respond to the 2022 rural supplement question on their 2023 income tax and benefit return. Afterwards, a retroactive payment will be issued for the 2022 base year. The 10% rural supplement, not indicated above for Nova Scotia, Newfoundland, and Labrador, will also be provided to rural residents in other provinces.
Carbon Tax Rebate: When Will I Receive?
Eligible citizens of the mentioned provinces will receive their Carbon Tax Rebate 2023 – 2024 in the months of April, July, October, and January on the 15th of each month. It’s important to remember that the payment will be processed on the final business day if the 15th falls on a Saturday, Sunday, or federal holiday.
Since October 15th falls on a Sunday this year, your CAIP will probably arrive on Monday. Should you have chosen the direct deposit payment option, direct deposit is how your rebate will be sent to you. However, this amount will be changed to the amount owed for any outstanding income tax balances if you owe the Canada Revenue Agency money.
It is recommended that all eligible citizens who have not received their payment wait for a minimum of ten days following the date of CAIP disbursement. If you have any questions, you can reach the authorities at 1-888-863-8662 for debt related to benefits or 1-888-863-8657 for debt related to tax returns.
Carbon Tax Rebate Eligible Criteria
It’s simple to qualify for the CAIF incentive amount. You are eligible for the rebate if, as of the start of the month in which the CRA makes the payment, you are considered a resident of Canada for income tax purposes. Furthermore, you have to have been 19 years old in the months before the four instalment payments from the CRA. If you are under 19, you have to fulfil one of the requirements listed below:
- You have to have had a spouse or been married.
- You live with your child whether you are or were a parent in the past.