Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies. A sign at a Shell gas station displays the price of a litre of regular grade gasoline after it reached $2.28 in Vancouver on Saturday May 14, 2022. THE CANADIAN PRESS/Darryl Dyck
Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies.
The government says this is the first time all banks will label the payment as the Canada Carbon Rebate, after years of inconsistent and vague phrasing on bank statements.
The quarterly rebate will go to Canadians who filed their income tax while living in Alberta, Saskatchewan, Manitoba, Ontario, and all four Atlantic provinces.
The payments vary by household size and province, while those in rural areas get a top-up.
On Tuesday, rural residents will get a boost in their quarterly rebate, with a 20-per-cent top-up along with a retroactive 10-per-cent payment for April and July.
Economists are widely in favour of carbon pricing, arguing it is the most cost-effective way to reduce emissions, but the Liberals‘ policy is facing pushback at the provincial and federal levels, with the Conservatives calling for a “carbon-tax election” to bring down the cost of living.
- 0083 Michener Allen Industrial October 240083 Michener Allen Industrial October 24
- 0053 Kingston Midstream Westspur Alameda Click0053 Kingston Midstream Westspur Alameda Click
- 0082 CsHM 2024 Pipeline0082 CsHM 2024 Pipeline
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001
The federal NDP and some of their provincial counterparts have distanced themselves from the policy which they previously supported.
Ottawa sends the rebates to offset what people pay in carbon pricing when they buy fuel so they’re not less worse off as a result.
People who do things to lower their fuel use are even better off, because they still get the same rebate but pay less in carbon pricing.
British Columbia, Quebec and Northwest Territories have their own carbon pricing system for consumers so residents there don’t receive the federal payment. Yukon and Nunavut use the federal system but have an agreement to distribute the proceeds themselves.
The parliamentary budget officer says most Canadians get back more from the rebates than they pay.
He also says, though, that the economic impact of carbon pricing could lower wages over time, erasing that benefit for some Canadians. The government argues that climate change itself can cause economic harm if it is left unchecked.
Ottawa has been battling with banks about how the deposits are labelled since they moved to quarterly payments for the rebates in 2022.
Many Canadians were confused — or didn’t even realize they were getting a rebate — when payments showed up with vague labels like “EFT deposit from Canada,” “EFT Credit Canada” or just “federal payment.”
Some banks previously argued the term “Canada Carbon Rebate” went beyond their 15-character limit on deposit descriptions.
This report by The Canadian Press was first published Oct. 15, 2024.
- 0083 Michener Allen Industrial October 240083 Michener Allen Industrial October 24
- 0053 Kingston Midstream Westspur Alameda Click0053 Kingston Midstream Westspur Alameda Click
- 0082 CsHM 2024 Pipeline0082 CsHM 2024 Pipeline
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001