Ontarians issued double carbon tax rebate payment Friday
The four provinces are the only ones with the federal pricing systems in place.All other provinces have their own carbon-pricing systems that meet federal minimum standards.
The federal government claims that the amount individuals receive through the CAIP is more than they pay as a result of the federal carbon pollution pricing system.Story continues below advertisement, Ontarians can expect an overall credit of $373 in 2021 for an individual, $186 for a spouse or common-law partner, $93 per child under 19, and $186 for the first child in a single-parent family.
For residents of small and rural communities, the payment includes a rural supplement of 10 per cent of the base amount. The year 2022 is the first time the rebate is being paid quarterly — with payments on the 15th of April, July, October and next January. Previously it could be claimed as a refundable tax credit.
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