Canada’s last carbon refund arrives Tuesday after liberal leader Mark Carney killed the federal consumer price on carbon.
Only those who submitted their rental taxes of 2024 electronically before April 2 will receive the payment on Tuesday. Otherwise, the final payment will be deposited once the Canada Revenue Agency evaluates its performance.
The quarterly federal refund was covered by carbon tax revenues, but the fuel carbon tax ended on April 1.
In other words, Tuesday’s payment could be considered a bonus or transfer of the government, since it does not recover from the taxes collected in the pump.
For more than a month, CBC News has been asking Finance Canada, the Federal Department that supervises the collection of fuel position, to reveal the total cost of this final payment. The department refused to say how much the reimbursement would affect the final result of Ottawa.
But according to previous payments, the total cost could be at least $ 2 billion.
A Finance Canada spokesman suggested that the Government continued the additional payment as an affordability measure.
“The government has decided to keep the payment of April to people since Canadian families, especially low -income families, have been having the April reimbursement,” said Finance Canada spokesman Benoit Mayrand.
The co-leader of the Green Party, Jonathan Pedneault, said that the Canadians have “right” to the final payment, but recognized their moment, a few days before the Canadians are heading to the surveys on April 28, it is not ideal.
“It is not the best time in an electoral campaign,” Pedneault said. “I think many people will criticize this as a liberal gift.”
The professor of the economy of the University of Alberta, Andrew Leach, said that the liberals probably had no choice but to absorb the loss because the carbon tax was misunderstood.
“I feel that people really did not remember that the first reimbursement was paid before the carbon price went into force,” he said.
“I don’t think people really believe that this was true or had internalized.”
Quebec has successfully administered its own carbon price system for years without problems. But with the federal carbon tax of the consumer officially abolished, the system of the province is highlighting.
While the Finance Department will not say how much the payment will cost, the April 2025 Reimbursement Cantios.
This is what eligible adults will receive in the provinces where federal carbon reimbursement is applied:
- Newfoundland and Labrador: $ 149.
- Prince Eduardo Island: $ 110.
- New Scotland: $ 110.
- NEW BRUNSWICK: $ 165.
- Ontario: $ 151.
- Manitoba: $ 150.
- Saskatchewan: $ 206.
- Alberta: $ 228.
Canadians in the provinces that qualify for an additional rural supplement will receive a 20 percent recharge. The rural supplement has already been made in the payment of PEI.
The small companies that were eligible for Canada’s carbon reimbursement will still obtain their reimbursement for the carbon tax paid in the last 12 months.
“The finance minister will specify the payment rates to return the income of $ 623.1 million previously specified by the year 2024-25 of fuel.” According to the Finance Canada website.
