Big benefit cheque comes out this month in Ontario
Published July 2, 2024 at 9:55 am
Eligible Ontarians can anticipate additional funds in their piggy banks this month, as the second installment of the Canada Carbon Rebate (CCR) is expected to be distributed to qualified recipients on July 15.
Formerly known as the Climate Action Incentive Payment (CAIP), this tax-free initiative is designed to help Canadian families offset the ongoing cost of federal pollution pricing, specifically, in households in small and rural communities.
According to the Canadian government, the CCR rural supplement has increased its base amount from 10 percent to 20 per cent as of this year. Eligibility standards also indicate that individuals must be registered as a resident of Canada the month before the initial payment date and must reside in a province to which the rebate applies.
These regions include:
- Ontario
- Alberta
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
- Saskatchewan
The remaining payments of this rebate after the July installment are anticipated to be distributed on October 15 and January 15 respectively.
For an exact indication of anticipated payment amounts, Ontario residents can visit the Canada Revenue Agency’s (CRA) website, where a publicly available calculator can quantify exactly how much can be anticipated in each unique household across the province.
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