Banff 
The federal government has announced the Canada Carbon Rebate amounts for 2024-25, formerly known as the Climate Action Incentive Payment.
Canada Carbon Rebate are paid out to residents of provinces where the federal carbon pollution pricing system applies to help them reduce the cost of the extra regulatory charge on fossil fuels like gasoline and natural gas, known as the fuel charge.
Payments are made quarterly via direct deposit or cheque, with all proceeds being returned to their province of origin.
Starting in April 2024, residents in provinces where the federal fuel charge is applicable will receive varying amounts of the Canada Carbon Rebate, with up to $1,800 (for a family of four) being the maximum for the year 2024-25.
The amounts differ by province, reflecting the pause in the fuel charge on home heating oil deliveries initiated on November 9, 2023, and other regional factors.
Alberta families of four will receive the highest total of $1,800 ($450 per quarter), while New Brunswick will see the lowest at $760 ($190 per quarter). Other provinces fall within this range, with Manitoba at $1,200 ($300 quarterly), Ontario at $1,120 ($280 quarterly), Saskatchewan at $1,504 ($376 quarterly), Nova Scotia at $824 ($206 quarterly), Prince Edward Island at $880 ($220 quarterly), and Newfoundland and Labrador at $1,192 ($298 quarterly).
This amount is higher than last year’s payments: the 2023-24 payments for a family of four amounted to a total of $1,544 in Alberta, $1,360 in Saskatchewan, $1,056 in Manitoba, and $976 in Ontario.
Eligibility for the rebate requires filing an annual tax return, with direct deposits made for those registered with the Canada Revenue Agency.
In the 2024-25 fiscal year, residents in eligible provinces will receive four equal quarterly payments on April 15, July 15, October 15, 2024, and January 2025.
Canada Carbon Rebate 2024/25
Credit: Canada.ca
Credit: Canada.ca
Per the news release, to address the unique challenges faced by rural Canadians, such as higher energy needs and fewer alternatives to cleaner transportation, the government proposes to increase the rural top-up from 10% to 20% through amendments in Bill C-59. This adjustment aims to enhance the affordability of carbon pricing across the country, starting in the fiscal year 2024-25.
