Carbon rebate payments going out to some Canadians. Here’s what to expect
the finance ministry’s estimates, annual payment totals for 2024/25 for a family of four are $1,800 in Alberta, $1,200 in Manitoba, $1,120 in Ontario, $1,504 in Saskatchewan, $760 in New Brunswick, $824 in Nova Scotia, $880 in Prince Edward Island and $1,192 in Newfoundland and Labrador.The top-up for rural residents remains at 10 per cent for now, as the amendment to increase that top-up to 20 per cent has not yet passed the House of Commons.
This planned increase was announced in October to reflect the fact rural residents have fewer options to reduce their emissions like such as longer commutes to work and a lack of public transit.Ottawa also has just launched a new online estimator that shows how much you should get from the rebates.In a bid to make the rebates more understandable Ottawa renamed them the “Canada Carbon Rebate” this year but is still negotiating with the big banks about changing how the deposits are labelled when they show up in your account.Ottawa has been battling with banks about how the deposits are labelled since they moved to quarterly payments for the rebates in 2022.Many Canadians were confused, or didn’t realize they even got the rebate, when payments showed up with vague labels including “EFT deposit from Canada”, “EFT Credit Canada.” or sometimes just “federal payment.”The federal government asked the banks to help label them with the old moniker — the climate action incentive payment — but some didn’t arguing they had a 15 character limit for deposit description.The deposits will be labelled different depending on where you bank, with some going with the full Canada Carbon Rebate name, others shortening it “CDACarbonRebate” or “Canada CCR/RCC.”In French, the labels could be “Carbone
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