The Canadian government applies a tax or charge on carbon-based fuels that can cause pollution. To overcome this, eligible residents in some provinces and territories of Canada quarterly receive Canada Carbon Rebate payments. Now it is reported that the Canada Revenue Agency is planning to distribute $250 Canada Carbon Rebate in 2024. However, the confirmation of the payment is still on the tables but the eligible beneficiaries can expect it for the last quarterly CCR payment.
$250 Canada Carbon Rebate in 2024
The Canada Carbon Rebate is a tax-free benefit program that the Canadian government runs for the residents. The Canadian government has recently changed its name from Climate Action Incentive Payment. Under the CCR, taxpayers in Canada can offset the cost of federal pollution pricing. The CRS disburses the rebate in two parts: one of which is a basic payment while the other one is a supplement payment for rural communities. As per the latest reports, if a resident is eligible, he/she can receive a $250 Canada Carbon Rebate in 2024.
The major purpose of the $250 payment in Canada is to ensure citizens can lower their tax liabilities in 2024. The CCR helps the Canadian residents in balancing the taxes that they owe to the government. The $250 payment applies only in selected provinces and territories of Canada just like the quarterly payments. If a person is living in Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan, then they are eligible for the $250 CCR benefit. The remaining provinces and territories have their carbon rebate programs.
$250 Canada Carbon Rebate in 2024 Details
| Title | $250 Canada Carbon Rebate in 2024 |
| Country | Canada |
| Name of the Department | Canada Revenue Agency |
| Rebate Name | Canada Carbon Rebate |
| Category | Government aid |
| Applicable for | Eligible Canadians |
| Rebate available in | Selected provinces and territories |
| Rebate amount | $250 |
| Year | 2024 |
| Official website | canada.ca |
$250 Canada Carbon Rebate Payment Dates
The CRA makes the payment every three months annually to eligible citizens. Similarly, the residents of the applicable provinces and territories can claim a $250 Canada Carbon Rebate in 2024 quarterly. The payment arrives in January, April, July, and October. Usually, the CRA disburses the CCR payments on the 15th of April, July, October, and January. However, the payment dates are subject to change in case of a bank holiday or weekend falls on the 15th.
Eligibility Criteria for $250 Canada Carbon Rebate in 2024
For distributing the $250 Canada Carbon Rebate in 2024, the CRA has set some eligibility requirements. To claim the payment, recipients must meet the below-mentioned eligibility criteria:
- A recipient must hold Canadian nationality a month before the CRA issues the $250 CCR payment.
- An applicant must be a resident of one of the aforementioned provinces or territories that are applicable for the payment.
- Some of the provinces and territories are excluded from the $250 Canada Carbon Rebate as they already have their CCR benefit program. Hence, the residents of British Columbia, Northwest Territories, Nunavut, Quebec, and Yukon, are not eligible for the CCR payment.
- The minimum age requirement for the $250 payment is 19 years. However, if someone is under 19 years of age, they must meet one of the following conditions:
- have or had a spouse or common-law partner
- are or were a parent. And lived or lived with their child.
- If a child of the claimant is registered with the Canada Child Benefit (CCB) or the GST/HST credit, then the CRA provides the CCR to the child. For that, the child must be below 19 years of age and must be living with the claimant as a dependent.
Canada Carbon Rebate 2024 Province-Wise Payment Amount
The Canada Carbon Rebate 2024 payment amount is distributed by the provincial governments. The basic amount and the rural supplement amount differ in each province and territory. Apart from that, the provincial government also uses the family members in a household to determine the average basic pay and rural supplement. The province and territory-wise CCR payment details are available in the below table:
| First Adult | Rural | Second Adult | Rural | Each child | Rural | Family of 4 | Rural | |
| Alberta | $225 | $270 | $112.50 | $135 | $56.25 | $67.50 | $450 | $540 |
| Manitoba | $150 | $180 | $75 | $90 | $37.50 | $45 | $300 | $360 |
| Ontario | $140 | $168 | $70 | $84 | $35 | $42 | $280 | $336 |
| Saskatchewan | $188 | $225.60 | $94 | $112.80 | $47 | $56.40 | $376 | $451.20 |
| Nebraska | $95 | $114 | $47.50 | $57 | $23.75 | $28.50 | $190 | $228 |
| Nova Scotia | $103 | $123.60 | $51.50 | $61.80 | $25.75 | $30.90 | $206 | $247.20 |
| Prince Edward Island | $110 | $110 | $55 | $55 | $27.50 | $27.50 | $220 | $220 |
| Newfoundland and Labrador | $149 | $178.80 | $74.50 | $89.40 | $37.25 | $44.70 | $298 | $357.60 |
How to Apply for $250 Canada Carbon Rebate in 2024?
The CRA and the federal government do not ask their residents to apply for the $250 Canada Carbon Rebate in 2024. To claim the payment, a resident of the applicable province or territory needs to file their federal income tax returns for the previous year. Once the tax returns are filed, the CRA verifies the returns. If a person is eligible for the $250 payment, the CRA notifies them regarding the same.
As of now, there is no official confirmation regarding the $250 CCR payment coming in 2024. Eligible beneficiaries can claim quarterly payments for which the CRA release its next instalment in October 2024. For more information regarding the $250 Canada Carbon Rebate in 2024, eligible beneficiaries can also visit the official website of the CRA.
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David has spent Several years reporting on the oil and gas industry, uncovering the latest trends and technological breakthroughs. His expertise in energy markets and passion for sustainable practices make his articles both insightful and forward-thinking. Davis’s in -depth analyses are a staple for professionals seeking to stay ahead in this dynamic field.