Today, families across Canada will receive their Canada Carbon Rebate for individuals, a payment that is making life more affordable for Canadians. The Canada Carbon Rebate - alongside measures like dental care, childcare, and others - contribute to the Government of Canada's plan to help Canadian families to get ahead while ensuring big polluters pay their fair share.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), was in Hamilton, Ontario, to announce the latest quarterly Canada Carbon Rebate payments are being delivered to their bank accounts and mailboxes. The Canada Carbon Rebate is helping households, small businesses, farmers and Indigenous communities across Canada to get ahead.
A family of four residing in Hamilton will receive the Canada Carbon Rebate for individual payments every three months, meaning they will receive a quarterly cheque or deposit of $280. To discover more about how much your family could receive, please refer to the Canada Carbon Rebate amounts for 2024-25 for payment amounts applicable to your province.
In addition to putting money in the pockets of families, the federal government announced the payment amounts for the new Canada Carbon Rebate for Small Businesses, which will deliver over $2.5 billion to about 600,000 Canadian businesses before the end of this year. This refundable tax credit will return a portion of the fuel charge proceeds from 2019-20 through 2023-24 to eligible small businesses, in jurisdictions where the federal fuel charge applies.
The Canada Carbon Rebate is part of a suite of federal actions to help Canadians to get ahead, while simultaneously supporting holding the biggest polluters accountable in the fight against the climate crisis.
Canada's price on pollution is working. When it comes to meeting Canada's goals, emissions are down, and pollution pricing alone is delivering at least a third of the reductions needed, while delivering clean air and incentivizing job-creating greener investments in communities. As of today, emissions are down, while the economy grows and wages for Canadians are going up.
