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Jan 15, 2024 · The last Climate action incentive payment was sent out January 15, 2024. The April 15, 2024, payment will be the Canada Carbon Rebate (CCR). If you file your taxes electronically by March 15, 2024, you should receive your next CCR payment on April 15, 2024. If you file after March 15, 2024, you will receive your April payment later, once your ...
- Climate Action Incentive payment amounts for 2023-24 - Canada
Table 2Annual Climate Action Incentive Payments, using...
- Climate Action Incentive payment amounts for 2022-23 - Canada
The government has proposed to deliver CAI payments on a...
- Climate Action Incentive payment amounts for 2023-24 - Canada
- Backgrounder
- Climate Action Incentive Payments
The federal government applies a price on pollution in jurisdictions that do not have their own pollution pricing systems which meets the federal benchmark. Specifically, in 2023-24, the federal fuel charge will continue to apply in Alberta, Saskatchewan, Manitoba, and Ontario, and will come into effect as of July 1, 2023 in Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
Continuing to Make Sure Most Households Get More Money Back Than They Pay
November 22, 2022
The federal government applies a price on pollution in jurisdictions that do not have their own pollution pricing systems which meets the federal benchmark. Specifically, in 2023-24, the federal fuel charge will continue to apply in Alberta, Saskatchewan, Manitoba, and Ontario, and will come into effect as of July 1, 2023 in Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
The Government of Canada does not keep any direct proceeds from pollution pricing. All direct proceeds from the federal fuel charge are returned to the province or territory of origin in the following way:
•For those jurisdictions that have voluntarily adopted the federal system, direct proceeds are returned to the governments of those jurisdictions.
The government began delivering CAI payments to Canadians on a quarterly basis starting in July 2022. This approach returns fuel charge proceeds to households on a more regular basis, with 8 out of 10 households getting more money back than they pay.
In order to receive their CAI payment, Canadians need to file their annual tax return. If they are eligible for the 10 per cent supplementary amount for residents of small and rural communities, they will need to tick the corresponding box on their tax return, with the exception of Prince Edward Island residents. In Prince Edward Island, all individuals receive the rural supplement amount, and are not required to indicate this on their tax return. The government will evaluate an increase to the rural supplement for future years.
CAI payments for 2023-24 will be disbursed as follows:
•Residents of Alberta, Manitoba, Ontario, and Saskatchewan will receive four equal quarterly payments (April 2023, July 2023, October 2023, and January 2024), as these provinces are already covered by the federal price on pollution.
•Since the federal fuel charge will only come into effect as of July 1, 2023 in Newfoundland and Labrador, Nova Scotia, and Prince Edward Island, residents of these provinces will receive three equal quarterly payments (July 2023, October 2023, and January 2024) in the 2023-24 fiscal year and four payments in the year after that.
CAI payment amounts have been adjusted in Alberta, Manitoba, Ontario, and Saskatchewan to account for over- and under-distributions of proceeds in previous years. This is in line with the government's commitment that any actual variance between the proceeds originating in a given jurisdiction and the amount of proceeds returned to that jurisdiction would be addressed through changes in future payment amounts to that jurisdiction. Further details on this reconciliation will be provided in the forthcoming Greenhouse Gas Pollution Pricing Act: Annual report for 2021.
- Department of Finance Canada
Oct 14, 2022 · The government has proposed to deliver CAI payments on a quarterly basis starting this year. Payments will start in July 2022 with a "double-up" payment that will return proceeds from the first two quarters of the 2022-23 fuel charge year (April-June and July-September), followed by single quarterly payments in October 2022 and January 2023.
- Department of Finance Canada
Oct 7, 2024 · At the time, the national minimum price was $20 per tonne of carbon dioxide equivalent (CO2e). It went up to $50 in 2022, $65 in 2023 and $80 in April 2024. The minimum price will continue rising ...
Feb 14, 2024 · Today, the federal government announced the Canada Carbon Rebate amounts for 2024-25. The Canada Carbon Rebate (previously known as the Climate Action Incentive Payment) returns fuel charge proceeds to Canadians through direct deposit or cheque, every three months, ensuring most households get more money back, with lower-income households benefiting the most.
Jan 12, 2024 · According to Environment and Climate Change Canada, a family of four will receive payments up to: $386 in Alberta; $264 in Manitoba; $184 in New Brunswick; $328 in Newfoundland and Labrador;
People also ask
When are CAIP payments made?
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How will Cai payments be disbursed for 2023-24?
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Do Canadian residents need to apply for CAIP?
Jul 15, 2024 · The quarterly CAIP payments are paid on the 15th of January, April, July, and October. When the 15th falls on a weekend or a holiday, payments are made on the nearest previous business day. Residents of Newfoundland and Labrador, Nova Scotia, and Prince Endward Island started receiving CAIP payments from July 2023 onwards.
