The Canada Carbon Rebate gives money to people and families to help cover the costs of the carbon price. This price is added to things like natural gas, diesel, and gasoline, which release carbon dioxide into the air.
The main aim of this carbon tax is to encourage companies and people to go for cleaner, renewable energy sources by making these dirty energy options more expensive.
But the government knows that this extra cost can be hard, especially for families with lower incomes. So, they came up with the carbon rebate. Depending on where you live, how much you earn, and how big your family is, you might get back some or all of the extra money you spent.
Canada Carbon Rebate 2024 Payment Amounts
| Name of Province | Individual Person | Pr Child under the age of 19 | Spouse/Common Law partner |
|---|---|---|---|
| Alberta | 225 | 56 | 112.50 |
| Ontario | 140 | 35 | 70 |
| PEI | 110 | 27.50 | 55 |
| New Brunswick | 95 | 23.75 | 47.50 |
| Nova Scotia | 103 | 25.75 | 51.50 |
| Manitoba | 150 | 37.50 | 75 |
| Newfoundland | 149 | 37.25 | 74.50 |
Eligibility Terms to Get Canada Carbon Rebate Payments 2024
To acquire the payments issued by Canada Carbon Rebet 2024, individuals must be eligible and meet the guidelines mentioned by the authorities below.
- Before the payment month starts, you must be a resident of Canada
- On the first day of the payment month, individuals must reside in the following provinces
- Alberta
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Saskatchewan
Eligibility Criteria for Children
Not only individuals, but the Canadian government is crediting the rebate payment amount to families having children. Each child in the family must meet the eligibility criteria in the first month of payment release.
- The child must be under the age of 19 years
- The child must live with family
- Individual family members are responsible for his/her upbringing
- The child is registered under CRR, Canada Child Benefit (CCB), or GST credit.
CCR Payment 2024 Release Date
Residents of Canada should expect to get their payments on April, July, October, and January 15th. The payment will be made on the business day before the 15th if it comes on a weekend or a federal holiday. The first Canada Carbon Tax Rebate for the fiscal year 2024–2025 is planned for April 15, 2024.
Final Date to claim the Rebate amount
You and your spouse or common-law partner, if any, must complete your income tax and benefit return online by March 15, 2024, to guarantee that you get your payment by April 15, 2024. Your CCR payment will be postponed until after your return has been reviewed if your tax returns undergo processing after this date.
Canada CCR Payment: Application Process Steps
The following steps will help you with the application procedure online.
- Determine if you are eligible for the CRR 2024 payment amount by reading the above-mentioned eligibility criteria
- Monitor the CRA official portal and bide your time until the quarter has ended
- After you qualify, the Canada Revenue Agency will credit the amount instantly to your bank account.
- The Canadian government is accepting applications from all provinces in Canada.