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.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.
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.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.”Burger King wants a manager for $48K. Experts say foreign workers aren’t the answerViewed
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