In October, an extra benefit cheque will be sent out to Ontario residents

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Published September 14, 2024 at 4:57 pm

carbon, rebate, tax, CRA, government, Canada, Benefit cheques, Ontario

Many Ontario residents can expect an extra benefit cheque in October.

The Canada Carbon Rebate, previously called the Climate Action Incentive Payment, is a federal initiative designed to help Canadians manage the financial impact of carbon pricing.

The program returns funds to residents in provinces where the federal carbon tax applies, including Ontario, Alberta, Manitoba, and Saskatchewan. Most households receive more back than they pay in carbon taxes with additional top-ups available for those living in rural areas.

For those who received their first payment in April, the second installment will be sent out on Oct. 15. The amounts vary depending on household size and location.

Here is a breakdown of the rebate amounts by province:

Ontario:

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$140 for an individual
$70 for a spouse
$35 per child
Rural supplement of $28

Alberta:

$225 for an individual
$112.50 for a spouse
$56.25 per child
Rural supplement of $45

Manitoba:

$150 for an individual
$75 for a spouse
$37.50 per child
Rural supplement of $30

New Brunswick:

$95 for an individual
$47.50 for a spouse
$23.75 per child
Rural supplement of $19

Newfoundland and Labrador:

$149 for an individual
$74.50 for a spouse
$37.25 per child
Rural supplement of $29.80

Nova Scotia:

$103 for an individual
$51.50 for a spouse,
$25.75 per child
Rural supplement of $20.60

Prince Edward Island:

$110 for an individual (includes a 20% rural top-up as standard)
$55 for a spouse,
$27.50 per child

Saskatchewan:

$188 for an individual
$94 for a spouse
$47 per child
Rural supplement of $37.60

Due to their independent pollution pricing systems, residents of British Columbia, the Northwest Territories, Nunavut, Quebec and Yukon are not eligible for this rebate.

Rural residents will benefit from a supplement that has increased to 20% of the base amount— up from 10%, pending Royal Assent.

According to the CRA, carbon rebate payments are adjusted annually based on changes in carbon price to ensure they align with provincial revenues.

The CRA notes on its website that individuals who did not file their taxes electronically may receive their payments 6 to 8 weeks later.

Additional payments for the carbon rebate are scheduled for January and July 2025, respectively.

These are the other benefit cheques being sent out next month to eligible residents:

  • Canadian Pension Plan and Old Age Security
  • Ontario Works or emergency assistance
  • Child Tax Credit
  • Ontario Trillium Benefit
  • Climate Action Incentive
  • Gst/Hst Refund

For detailed information on payment amounts and eligibility, you can visit the Canada Revenue Agency’s official page here.

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