First 2024 Carbon Rebate Payouts Will Be Deposited April 15: How Much Will You Get?

Money is removed from an ATM in Montreal in this file photo. Ryan Remiorz/The Canadian Press

Canadians can expect the first instalment of the 2024 Canada Carbon Rebate this week—but only if they filed their 2023 taxes by March 15.

Residents of Alberta, Manitoba, Ontario, Saskatchewan, and the four Atlantic provinces who met the mid-March filing deadline will receive the first of four instalments April 15.

Those who filed their taxes after March 15 but before mid-April will receive their first instalment on May 15. Those who file their taxes after April 15 will have to wait until June or July for their rebate.

The quarterly payment amounts are decided based on both location and household size.

The number of adults and children in the household are taken into account, with different amounts for the first and second adult, the government website says. The larger the household, the larger the rebate.

Under the program, a family of four will receive payments of up to $450 per quarter in Alberta, $376 in Saskatchewan, $300 in Manitoba, $298 in Newfoundland and Labrador, $280 in Ontario, $220 in Prince Edward Island, $206 in Nova Scotia, and $190 in New Brunswick.

Amounts rise for those who qualify for the rural supplement. The top-up for rural residents is 10 percent but will rise to 20 percent if the amendment to increase the top-up passes in the House of Commons.

Currently, a family of four in rural Ontario would receive a $336 rebate, $56 more than an urban-dwelling family of the same size.

Over the course of a year, a family of four in Alberta would receive $1,800, followed by $1,504 in Saskatchewan, $1,200 in Manitoba, $1,192 in Newfoundland and Labrador, $1,120 in Ontario, $880 in Prince Edward Island, $824 in Nova Scotia, and $760 in New Brunswick, based on finance ministry estimates.

A single person will receive $225 in Alberta, $188 in Saskatchewan, $150 in Manitoba, $149 in Newfoundland and Labrador, $140 in Ontario, $110 in Prince Edward Island, $103 in Nova Scotia, and $95 in New Brunswick per quarter under the program.

Rebate amounts are calculated yearly based on how much carbon tax Ottawa expects to collect in each province.

The rebate, which is sent out quarterly, applies solely to the provinces where the federal fuel charge is collected. British Columbia, Quebec, the Northwest Territories, Nunavut, and the Yukon are not included because they collect their own fuel tax.

Carbon Rebate Changes

Now named the Canada Carbon Rebate, deposits should appear in Canadians’ bank accounts under the full name, CDACarbonRebate or Canada CCR/RCC.

The program was previously known as the Climate Action Incentive Payment (CAIP) but was rebranded earlier this year in a bid to remove what the Liberal government referred to as “confusion” surrounding the labelling of quarterly payments by banks.

Prime Minister Justin Trudeau has repeatedly said eight out of 10 Canadian households will get more money back through the carbon rebate than they pay in carbon tax.

A Parliamentary Budget Office report released last March that said Ottawa’s carbon tax will result in a “net loss” of between $377 and $911 in 2024-25 for most Canadian households. The figures accounted for both the rebate and the economic cost of lower incomes.

Households in Alberta would be paying an average of $2,773 in net losses and those in Ontario would be paying $1,820 by 2030-31, the PBO report said. Lower-income households would benefit from the rebate, while higher-income households would pay more than the average.