Carbon Tax Rebate - April 1, 2019 - How will you receive it?

https://globalnews.ca/news/4586374/c...-need-to-know/

As you know Trudeau is starting Carbon Tax in 4 provinces. If you live in Ontario, Manitoba, Saskatchewan and New Brunswick, you’ll soon be subject to a federally imposed carbon tax.

The rest of the provinces already have it in place.

To offset it, he is giving some carbon tax rebates. How will you get these rebates? Will it be a direct deposit or will they mail a cheque?

Official name of the rebate is Climate Action Incentive Rebate.

Also will the rebates be automatic? Or do you have to file your 2018 income tax return to get that carbon tax rebate? So if you don't file taxes on time or there is a delay in filing/processing your tax return, your carbon tax rebate is postponed or withheld.

The average household will receive an incentive of $598 in Saskatchewan, $248 in New Brunswick, $300 in Ontario and $336 in Manitoba. That will rise over the years.

So do we get this one time rebate in our bank on April 1, 2019 or something? And also the following years up to 2022.

Say like the other governments rebates, benefits and credits are deposited on a fixed date like say the HST quarterly credit or monthly Canada Child Benefit or Ontario Trillium Benefit.

following for information...

Also following for more info.

Looks like it will just be added to your IT refund, when you file your taxes.

" The money for Canadians in the four affected provinces will be delivered as part of federal tax returns. It’ll either be added to the money you get back at the end of the year, or subtracted from what you owe the Canada Revenue Agency. "
A line will be added in future income tax forms and individuals will be able to apply for the annual Climate Action Incentive rebate when they file their taxes for 2018. Delivering the rebate through the tax system was the simplest way to get money to Canadians, senior officials told reporters in Ottawa.

https://www.ctvnews.ca/politics/how-...-out-1.4146471A line will be added in future income tax forms and individuals will be able to apply for the annual Climate Action Incentive rebate when they file their taxes for 2018. Delivering the rebate through the tax system was the simplest way to get money to Canadians, senior officials told reporters in Ottawa.

Here's how those dollars will be doled out.
Ontario:
In Ontario, the carbon tax rebate for an average family of four in Ontario will be $307 in 2019, increasing each year. Come 2022, the rebate for the average Ontario family of four will be $718.
In 2019 each single adult or first adult in a couple will receive $154; the second adult will receive $77, as will single parents for their first child; and for each child in a family the rebate will be $38.
Come 2022 each single adult or first adult in a couple will receive $360; the second adult will receive $180 as will single parents for their first child; and for each child in a family the rebate by then will be $89.
New Brunswick:
The carbon tax rebate for a family of four in New Brunswick will be $256 in 2019, growing to $607 in 2022.
In 2019 each single adult or first adult in a couple will receive $128; the second adult will receive $64, as will single parents for their first child; and for each child in a family the rebate will be $32.
Come 2022 each single adult or first adult in a couple will receive $303 the second adult will receive $152 as will single parents for their first child; and for each child in a family the rebate by then will be $76.
Saskatchewan:

In Saskatchewan the carbon tax rebate for a family of four will be $609 in 2019, increasing to $1,495 in 2022.
In 2019 each single adult or first adult in a couple will receive $305; the second adult will receive $152, as will single parents for their first child; and for each child in a family the rebate will be $76.
Come 2022 each single adult or first adult in a couple will receive $731 the second adult will receive $364 as will single parents for their first child; and for each child in a family the rebate by then will be $182.
Manitoba:
In Manitoba the carbon tax rebate for a family of four will be $339 in 2019, rising to $801 in 2022.
In 2019 each single adult or first adult in a couple will receive $170; the second adult will receive $85 as will single parents for their first child; and for each child in a family the rebate will be $42.
Come 2022 each single adult or first adult in a couple will receive $402 the second adult will receive $201 as will single parents for their first child; and for each child in a family the rebate by then will be $99.

Basically your own money, which you will be getting back.

Your gas, electricity and heating bills will go up because of this carbon tax.

Plus lot of companies and businesses who have to pay this carbon tax will also pass on this tax indirectly to consumers, they are not going to absorb it, so expect lot of products, services and commodities to also go up in price.

Ty

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"In Ontario, for example, the fuel charge on gasoline, in 2019, will be 4.42 cents per litre and the fuel charge for natural gas used in home heating will be 3.91 cents per cubic metre. These rates will increase over time. A complete list of fuel charge rates is available on Finance Canada’s website".

Both increases are going to have an impact, but it will be felt more so for when you have to heat you home.

I guess that is why we are getting a rebate. I wonder though if the rebates will be enough to cover the costs? I guess we will find out.......

Glad I saw this thread. Best to save the money to pay for the increased cost of things/services as a result of the tax.

I recall on Jan. 1, the big news soundbite was that Ontario Premier Ford was taking the praise for making gas prices lower due to taking out the carbon taxes in gas. Or so that is what he claimed. Bet he is not happy about the rebate...

Quote:

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Originally Posted by Ciel

I recall on Jan. 1, the big news soundbite was that Ontario Premier Ford was taking the praise for making gas prices lower due to taking out the carbon taxes in gas. Or so that is what he claimed. Bet he is not happy about the rebate...

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Ford is putting this province so far back in history - any progress we have made updating school curriculums, mandating city council sizes, making changes weeks before elections, clearing air, cutting emissions to slow global warming and protecting delicate ecosystems in the past 30 years is being completely obliterated by his policies- who cares if he is unhappy? It is Ontarians who should be aghast at his shortsightedness, mud slinging and self serving political rhetoric that is generating needless additional costs in innumerable other sectors.

Our gas prices are no less than Manitoba or Alberta - kind of tough to claim it was all him.

(I just reread this - it is not meant as an attack - just frustration. If this is inappropriate - please feel free to delete it)


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Quote:

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Originally Posted by tjthemanto

Basically your own money, which you will be getting back.

Your gas, electricity and heating bills will go up because of this carbon tax.

Plus lot of companies and businesses who have to pay this carbon tax will also pass on this tax indirectly to consumers, they are not going to absorb it, so expect lot of products, services and commodities to also go up in price.

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The increase in gas, electricity and heating bills will be difficult for some to pay. We have a federal election in 2019. Maybe Justin and the Liberals will have some goodies to entice people to vote Liberal again:shrug:

Sadly the Carbon Tax will be permanent. The rebates will be only temporary for 4 years. After that you are on your own.

Plus I don't believe the gov figures, the Carbon Tax will cost the average family much more annually than they are forecasting. The rebates won't really cover that or offset it.

The municipal water and wastewater rates just went up in Hamilton! Annual January tradition for the past couple of years.
Thus all of us will be working out where to save or to cut back on purchases or services to cover the carbon tax or annual rate increases. I think April will have most of looking to see what prices will increase.

Quote:

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Originally Posted by tjthemanto

Sadly the Carbon Tax will be permanent. The rebates will be only temporary for 4 years. After that you are on your own.

Plus I don't believe the gov figures, the Carbon Tax will cost the average family much more annually than they are forecasting. The rebates won't really cover that or offset it.

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Yup, so if I have the government spin right - it will increase government revenues, not hurt companies and will return more to taxpayers than they put in?

I understand the need for taxes, but I really don't like be lied to about them.

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Originally Posted by brunt

Yup, so if I have the government spin right - it will increase government revenues, not hurt companies and will return more to taxpayers than they put in?

I understand the need for taxes, but I really don't like be lied to about them.

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Yup the gov is like the carbon tax will cost you $ 300 per year, we are giving you $ 350 rebate, you just made 50 bucks.

It is more like the carbon tax will cost you $ 600 per year and you just lost 250 bucks after the $ 350 rebate.

Nothing but a tax grab. Plus what are they going to do with all the tax and revenue collected?

Are they going to use it for pollution, environment, global warming, green energy etc? Or will it just go in politicians salaries, golden pensions, their own agendas and pet projects? I am sure the money will be diverted somewhere else for their own and party benefits.

Turbo Tax has a New line for this now, as shown below. Plus you have choose if you live outside an urban area as the rebate is 10℅ higher in rural areas.

New! Climate Action Incentive (CAI) federal credit available for residents of Ontario

My cousin has a business in Saskatoon. One of his suppliers, as of Jan. 1st, announced a 5% across the board increase due to the carbon tax. Meanwhile my wage increase is zero, zero and zero. Please remember this as school buses, hospitals, school and municipalities will all need increased dollars to fill their gas tanks and heat their buildings and buy their supplies. Meanwhile all suppliers of all products will be forced to increase their prices.

I think the economy will slow down considerably after this tax. Maybe not a recession, but slow down most likely.

Alberta is already in a baf state - due to low oil prices.

Quote:

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Originally Posted by tjthemanto

Sadly the Carbon Tax will be permanent. The rebates will be only temporary for 4 years. After that you are on your own.

Plus I don't believe the gov figures, the Carbon Tax will cost the average family much more annually than they are forecasting. The rebates won't really cover that or offset it.

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OK, that might be enough to convince me to allocate my rebate to the opportunity fund or the option at the end of the tax return to help government pay down debt. Better get used to the notion, then I won't be able to spend it and won't miss it after the four-year rebate run.

Schedule 14 is the tax form to claim the rebate. Residents outside of Census Metropolitan areas (Ontario) can apply for a 10% supplemental rebate in addition to their basic amount.

This is the act that is responsible for the carbon tax pricing imposed on transportation entities:
https://www.canada.ca/en/revenue-age...icing-act.html

Quote:

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Originally Posted by tjthemanto

Yup the gov is like the carbon tax will cost you $ 300 per year, we are giving you $ 350 rebate, you just made 50 bucks.

It is more like the carbon tax will cost you $ 600 per year and you just lost 250 bucks after the $ 350 rebate.

Nothing but a tax grab. Plus what are they going to do with all the tax and revenue collected?

Are they going to use it for pollution, environment, global warming, green energy etc? Or will it just go in politicians salaries, golden pensions, their own agendas and pet projects? I am sure the money will be diverted somewhere else for their own and party benefits.

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Oh, you just made me recall the Ontario Tire Stewardship program that got disbanded. http://rethinktires.ca/used-tires-pr....yQRMXp9z.dpbs

Hold onto that "big coin" price of everything might be going up. Food, groceries, utilities.

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Originally Posted by dyalect

Hold onto that "big coin" price of everything might be going up. Food, groceries, utilities.

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I am already noticing it this year. Groceries seem to be way overpr this winter as opposed to last winter.😕

All the tax software have this by default, so no need to apply manually.

But you have to choose urban or rural area.

Higher Carbon Tax Rebates this year as compared to last year.

n Ontario, Manitoba and Saskatchewan, the payments, based on household size, are higher than last year's.
For example, a single person in Ontario received $154 last year, but is eligible for $224 this year. A family of four in Saskatchewan received $609 last year, but is eligible for $809 this year.

2020, 2021 & 2022 Rates - Increase every year

https://img.huffingtonpost.com/asset..._630_noupscale

2020 for ON

Single - $ 226
Couple - $ 339
Child - $56
Family of 4 - $451

Quote:

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Originally Posted by tjthemanto

The rebates will be only temporary for 4 years. After that you are on your own.

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Is this true? Where can I find more information about this

NO family is going to come ahead with this rebate. Some families will just about break even, but most will end up paying more. No way this Carbon tax is revenue neutral.

A $400 rebate is no good, when you end up paying
$1,000 more for gas, utilities (hydro/heating), plus indirectly more to purchase goods as businesses are not absorbing this cost, the carbon tax they have to pay they are just adding it to the consumer goods and end user consumer pays for it! Even groceries are more as transport cost (gas) has gone up due to this tax at the pumps.

https://www.ctvnews.ca/canada/people...2020-1.4733115