The Canadian federal government has launched a new rebate for all the tax payee individuals of Canada named Carbon tax Rebate. All the responsible citizens of Saskatchewan, Alberta, Ontario, Manitoba, Nova Scotia, New Brunswick, Newfoundland, Prince Edward Island, and Labrador are responsible for paying this Carbon Tax Rebate Amount 2024. The government will provide the tax rebate to all those individuals who are not able to bear the tax burden. To be eligible to get the Canada Climate Action Incentive Payment 2024, individuals must fulfill the eligibility criteria required to be the beneficiary of this rebate. The government will provide the Carbon Tax Rebate Payout Amount 2024 in each three months.
Carbon Tax Rebate Amount 2024
The Carbon tax rebate has been introduced by the federal government of Canada for all the individuals of Canada who file their return. All the families who live in Canada and have four members in their family will get the beneficiary amount of $1800 under the Carbon tax rebate in 2024-25. The $1800 Carbon Tax Rebate Amount 2024 will be paid by the finance department of Canada in four installments. The 1st installment of this rebate will be paid by the government in the month of April, 2024 and remaining installments will be paid in July 2024, October 2024 and January 2024.
All the individuals who want to be the beneficiary of this rebate need to file their returns as per the rules only those individuals who pay the tax and file the return can be the beneficiary of this rebate scheme. Into the bank account of the beneficiary the beneficiary amount will be directly deposited. The government proposed a proposal to the federal government to double the top up of the amount for all the resident rural individuals of Canada from 10% to 20 % so that they can ensure that the pricing of carbon makes the Canadian people’s life more affordable. At the beginning of the year 2024 – 25 all the rural beneficiary Canadians will receive the top up amount of 20% under the Canada Carbon Rebate.
Canada Climate Action Incentive Payment 2024
| Program | Canada Climate Action Incentive Payment 2024 |
| Year | 2024 -25 |
| Launched by | federal government of Canada and finance department of Canada |
| Beneficiary can be | All the resident individuals of Canada |
| Beneficiary amount | $1800 |
| Installment | Four |
| Paid in | April, July 2024, October 2024 and January 2024 |
| Beneficiary amount | Directly credited into the bank account and trough check |
| Category | Financial Aid |
| Official Website | canada.ca |
Carbon Tax Rebate Payout Amount 2024
The beneficiary amount of Carbon tax rebate will be directly deposited into the bank account of the beneficiary who is registered with the CRA for direct deposit. All the individuals who are not registered under CRA for direct deposit will get the rebate amount via cheque. All the individual families who have a common law partner or spouse, the person who files their return first will get the rebate amount for all the members of family by including the childrens too. Check the Carbon Tax Rebate Payout Amount 2024 in the following points.
- $1800 in Alberta ($450 Quarterly)
- $1120 in Ontario ($280 Quarterly)
- $1200 in Manitoba ($300 quarterly)
- $760 in new brunswick ($190 Quarterly )
- $1504 in Saskatchewan ($376 Quarterly)
- $880 in prince Edward Island ‘9$220 Quarterly)
- $824 in Nova Scotia ($206 Quarterly)
- $1192 in labrador and Newfoundland ($298 Quarterly)
Carbon Tax Rebate Payment Dates 2024
The Federal government of Canada and the finance department of Canada will pay the beneficiary amount of Carbon tax rebate in four installments. The 1st installment will be paid by the CRA in the month of April, 2024. The government will pay the 2nd installment in the month of July, 2024. 3rd installment in October, 2024 and 4th and last installment will be paid in the month of January, 2024.
| Installment | Carbon Tax Rebate Payment Dates 2024 |
| 1st | April, 2024 |
| 2nd | July, 2024 |
| 3rd | October, 2024 |
| 4th | January, 2024 |
Annual Canada Carbon Rebate Amounts for 2024-25
| Family Size | Alberta | Manitoba | Ontario | Saskatchewan | New Brunswick | Nova Scotia | prince Edward Island | Newfoundland |
| 1st Adult | $900 | $600 | $560 | $752 | $380 | $412 | $440 | $596 |
| Rural | $1080 | $720 | $672 | $902.40 | $456 | $494.40 | $440 | $715.20 |
| 2nd Adult | $450 | $300 | $280 | $376 | $190 | $206 | $220 | $298 |
| Rural | $540 | $360 | $336 | $451.20 | $228 | $247.20 | $220 | $357.60 |
| Each Child | $225 | $150 | $140 | $180 | $95 | $103 | $110 | $149 |
| Rural | $270 | $180 | $168 | $225.60 | $441 | $123.60 | $110 | $178.80 |
| 4 member Family | $1800 | $1200 | $120 | $1504 | $760 | $824 | $880 | $1192 |
| Rural | $2160 | $1440 | $1344 | $1804.80 | $912 | $988.80 | $880 | $1430.40 |
FAQs On Carbon Tax Rebate Amount 2024
$1800 is the amount of Carbon tax rebate for the year of 2024.
In four installments the beneficiary amount will be given by the CRA.
The beneficiary amount will be received by the beneficiary via cheque or directly deposited into the bank account of the beneficiary.
Giorgio Smith, a Texan native, is a seasoned senior editor at tnpscexams.net. He has done Master of Business Administration in Finance. he boasts over 9 years of experience in finance. Giorgio expertise is in finance, insurance, and money-related content.