New for tax season: This is how you might get another $307 back this year
If you live in one of four provinces, you’re likely eligible to save hundreds of dollars on your income taxes this year through the federal government’s carbon tax rebate.The rebate, which the government refers to as the “climate action incentive,” provides tax refunds to tax-filing residents of Manitoba, New Brunswick, Ontario and Saskatchewan.
It is meant to offset the increased costs of gasoline, natural gas and propane as a result of the federally imposed carbon tax, which takes effect April 1. People living in other parts of Canada are not able to claim the rebate because their provinces are using carbon pricing programs they developed themselves.
In the four provinces where the rebate is being offered, it can be claimed on 2018 income tax returns even though the price increases did not take effect during the 2018 tax year. The amount of the rebate varies based on which province claimants live in and the size of their family. In Ontario, for example, a single person will receive $154 while a family of four could be eligible for $307. Amounts are higher in Manitoba and Saskatchewan, and lower in New Brunswick.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adnan Syed's Conviction Reinstated, So 'Serial' Subject Won't Get New TrialAn HBO docu-series about the convicted murderer, 'The Case Against Adnan Syed,' is set to start on Sunday.
Read more »
Plane makes emergency landing in New Jersey after possible cargo fireAir Transat flight was headed to Fort Lauderdale from Montreal; passengers evacuated by slides
Read more »
New Champagne bottle changes colour when chilledA small winemaker in northern France has launched a Champagne bottle that changes colour and design when it reaches the correct temperature.
Read more »
Plane from Montreal makes emergency landing in New JerseyAuthorities say passengers on a plane were evacuated by slides after an emergency landing at a New Jersey airport.
Read more »
McLennan: A lot of rentals never feel comfortable with their new teamOverDrive hosts Bryan Hayes, Jeff O’Neill and Jamie McLennan are joined by TSN Hockey analyst Ray Ferraro to discuss how Jake Muzzin has fit in with the Leafs.
Read more »
Makeover: A fresh new look for a visitor to CanadaAustralia Carolyn Anderson found her hair too long for her Canadian wedding
Read more »
Transat flight from Montreal makes emergency landing in New JerseyThe Boeing 737-800 was forced to land due to reports of smoke in the cargo hold, but no fire was found and the cause of the smoke remains under investigation
Read more »
Raptors ground Pelicans in New Orleans as Leonard puts up 31Pascal Siakam brought down 19 while Jeremy Lin shakes off recent struggles to add 14 of his own in the Big Easy
Read more »
Report: Martellus Bennett interested in joining brother in New England - TSN.caOn the heels of the New England Patriots reportedly acquiring Michael Bennett from the Philadelphia Eagles, ESPN's Adam Schefter reports that Bennett's younger brother, Martellus, is interested in coming out retirement to play with his brother in New England.
Read more »