3 w. ago
What you need to do to get your final Canadian carbon tax rebate
If you want to cash in on the final carbon tax rebate, you will have to get some things in order in the next couple of weeks.Last Friday, Prime Minister Mark Carney scrapped the consumer carbon tax as his first move as Liberal Party leader."The consumer carbon tax was too divisive when we should be pulling together. That's why I took action to cancel it on day one," he posted on X.He announced last Friday that the fuel charge would be removed as of April 1 but that the Canada Carbon Rebate (CCR) would still be issued for that month.The carbon rebate, formerly known as the Canada Climate Action Incentive Payment (CAIP), is a quarterly, tax-free amount to help eligible individuals and families offset the cost of federal pollution pricing.According to a notice on the government's tax credits and benefits page, the final CCR payment will be issued starting April 22.However, to receive the payment, the government says individuals must have filed their 2024 income tax and benefi...
Economics